Bybit Report Shows XRP Could Become the Next Dominant Crypto

Since its launch in 2009, Bitcoin has outperformed all other cryptocurrencies and currently holds a 65.3% market share. But why not? The flagship cryptocurrency has a cult-like following worldwide, with retail, institutional, and now governmental investors flocking in. While there are thousands of cryptocurrencies, BTC’s dominance of the market remains unchallenged.

Nonetheless, XRP, one of the popular altcoins, seems determined to destabilize the status quo and challenge Bitcoin’s market dominance. XRP has recently experienced a surge in its market performance, primarily driven by institutional adoption. Speculation has hit fever pitch that we could be witnessing the advent of a new crypto giant, following a 338% surge in the last six months alone.

This article plunges into the details of the latest Bybit report showing significant shifts in investor patterns among digital asset holders.

Introduction

The recent escalation of tensions in the Middle East following attacks and counter-attacks between Israel, Iran, and then the United States’ attack on Iran’s nuclear facilities cast a shadow on the global financial markets. The tit-for-tat aggression prompted the financial market to grapple with a potent mixture of opportunity and uncertainty, which reverberated through the cryptocurrency market.

The query that most crypto enthusiasts consider before them brings together a tapestry of data points that show the broader crypto market pulling itself out of the global risk sentiment. Despite ongoing tensions amid a ceasefire, leading crypto investors like Michael Saylor continue to make bold moves, showing their faith in the king of cryptocurrencies. While altcoins still lag, Bitcoin remains the most popular cryptocurrency, with a 65.3% market dominance. However, the latest Bybit report shows a probable shift in market sentiment in favor of Ripple’s XRP. According to the report, XRP holdings on Bybit doubled from November 2024 to May 2025, with its price surging from $0.50 to $2.19, suggesting a 338% rise.

The change in investor sentiment comes as the legal pressure related to the long-drawn-out Ripple vs. SEC case continues to ease, thereby enhancing the confidence of both retail and institutional investors. While the broader cryptocurrency market still favors BTC, it’s now emerging that XRP is likely to be a force to reckon with as traders shift their focus to the token’s growing potential.  

Bitcoin Remains King Due to Institutional Focus

Despite the gains by XRP, data from the “H1 2025 asset allocation report” from Bybit shows that at least 30.95% of all assets held by the platform’s users are in Bitcoin. The report revealed that there was $4 in BTC for every $1 held in the form of ETH. The flagship cryptocurrency’s dominance grew from 53.2% to 64% over the last year, while, in contrast, Ether’s dominance slid downwards from 18% to 9%. While the concentration of Bitcoin and Ether had reduced to 48.2% at the beginning of 2025, it rebounded to 58.8% last May, which experts believe is a sign of growing investor confidence.

The Bybit report further revealed an interesting divide between retail and institutional investor strategies. Retail investors held only 11.64% of their assets in BTC and 6.8% in ETH, accounting for up to 50% of institutional holdings, which were mostly in favor of Bitcoin. The gap highlights a cautious approach by institutions that prefer regulated digital assets with substantial market capitalization, while individual investors are more inclined to experiment with newcomers.

Despite rising geopolitical and economic uncertainties, as well as the recent decline in the price of BTC, institutional Bitcoin holdings have grown to unprecedented levels in recent years. For example, the number of CME Bitcoin Futures large Open Interest holders surged to over 217 by the end of May 2025, making a 36% rise from early 2024. This move highlights a shift in sentiment from being a simple reactive trader to a strategic, long-term investor building their BTC stash.  The trend is the clearest reflection yet of BTC’s growing role as a potential hedge against inflation and geopolitical risks during times of uncertainty surrounding trade policies.

Additionally, the increase in institutional interest aligns with a growing wave of corporate Bitcoin adoption led by Michael Saylor’s Strategy, which recently increased the firm’s holdings by an additional 705 BTC for $75.1 million to bring the total holdings to 592,345 Bitcoins. Other notable BTC acquisitions during the period under review include GameStop’s addition of 4,710 BTC to its stash and Trump Media’s raising of $2.32 billion in a private round to fund the firm’s future Bitcoin purchases. These and several others appear to be strategic moves associated with the increased global trade tensions, as well as the mounting policy direction uncertainties.

Interestingly, Bitcoin’s increasing dominance occurs as Ethereum appears to be slowly losing ground not only within the broader cryptocurrency market but also within the altcoin segment. Per the latest data, there’s a clear shift in sentiment, with institutional investors leaning more towards BTC and moving away from Ethereum. Data from the Bybit report revealed that as of May 2025, the ETH-to-BTC ratio stood at 0.27, with Bitcoin holdings outweighing Ether 4:1 in portfolios, a trend that may be hard to ignore. Additionally, there are now over 245 institutional players holding BTC in their treasuries, with combined Bitcoin ETF corporate holdings exceeding 3.45M BTC. At the same time, retail investors also pulled back with their holdings reducing by 37% since November 2024

Number of Holders Double in Six Months as XRP Overtakes Solana

In the meantime, XRP appears poised to disrupt the traditional market landscape. The token recently overtook Solana in November 2024 and moved up the ranks, becoming the third-largest non-stablecoin crypto by holdings. Experts have linked the shift to high expectations within the XRP and broader cryptocurrency market, which is driven by highly anticipated XRP spot ETFs. A significant amount of investor capital is currently surrounding the ETF, pending regulatory approval.

The Bybit “H1 2025 asset allocation report,” a shift in retail and institutional investor preference are highly in favor of XRP over Solana. Interest in XRP has been thawing in recent months following a series of progressive victories in its long-drawn-out legal battle with the US Securities and Exchange Commission (SEC), signaling an impending resolution. Pundits believe that the impending favorable final ruling has already set the stage for the potential licensing of spot XRP ETFs. This sentiment shift is primarily responsible for propelling XRP to become the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum.

XRP allocations registered their most considerable percentage growth last January, a 5% surge in total when the token achieved its most recent all-time-high or around $3.31, the highest since that previous $3.84 ATH registered on January 7, 2018. According to Bybit, the allocation swing is directly linked to ETF expectations, with a Polymarket study assigning a 90% probability that the approval could occur before the end of 2025. The report further stated that the shift from SOL to XRP was also likely fueled by institutional and retail trader shifts during the first six months of 2025.

According to Bloomberg analyst James Seyffart, there is a 95% chance that spot XRP ETFs will receive the green light, adding another feather to its prospects. While the US President’s desire to have XRP included as part of the proposed US crypto reserve may have taken a back burner, there’s still increasing interest in the token, whose holding percentage grew from 1.29% to 2.42% in just six months, according to the Bybit report. By the time of writing, Polymarket odds had reduced to 75%, but the crypto asset still maintains the position of frontrunner, especially when compared to other altcoins.

XRP has swiftly taken up the position previously held by Solana (SOL), whose interest has faded significantly. The Bybit report showed that the percentage of Solana investor holdings has declined by 35% since October 2024. While the prospects of a Solana-tied exchange-traded fund remain, confidence from the investor community is waning.  

VNBTC Leverages the Crypto Boom to Empower Global Crypto Users

As the cryptocurrency market enjoys a boom, VNBTC is riding the wave to ensure crypto investors can get a piece of the big pie. The nascent cryptocurrency investment platform, which specializes in BTC and DOGE cloud mining, has created a new way for users to benefit from the cryptocurrency market. The firm recently announced that it has a user base of over 6 million, with daily profits exceeding $5,000. The said milestone highlights the fact that the company is taking over the crypto cloud mining space as more and more investors look to join for the chance to earn daily profits.

Cloud mining refers to a crypto-mining style where users rent out their computing power to remote data centers. The cloud miner doesn’t have to buy or maintain any form of software or hardware. The process involves signing a contract with a cloud mining platform, such as VNBTC, to earn passive income. This new form of mining has gained popularity among users since it eliminates the high entry barriers associated with traditional cryptocurrency mining, offering participants a flexible investment option. The system operated by VNBTC is free of cost in terms of operations, and despite the crypto market’s volatility, participants can still earn a daily fixed return.

VNBTC utilizes the latest technological advancements in cloud mining, making it the go-to platform trusted by over 6 million users worldwide. Among the highlights of its offerings include:

• Guaranteed Daily Returns: Investors are assured of a fixed daily earning regardless of the state of the cryptocurrency market.
• Multi-Currency Support: The platform supports Bitcoin, Ethereum, DOGE, XRP, and several stablecoins.
• AI-Optimized Efficiency: The platform’s mining algorithms leverage the efficiency of AI to enhance user returns.
• Unprecedented Sustainability: The platform is eco-friendly, utilizing renewable energy sources to maximize customer benefits.

It is now an open secret that VNBTC is the new wealth builder among crypto investors seeking financial independence. The platform has positively impacted millions of users by facilitating the cloud mining of the most profitable crypto assets. VNBTC offers several plans, including a free one or one starting from as low as $500 with the potential to return at least $60 within 10 days. The low entry barrier has been the most significant appeal to crypto enthusiasts worldwide.

With VNBTC, no one has to get tied down for fearing the complexity associated with traditional crypto mining. Anyone who has always aspired to achieve financial growth through crypto mining has a chance to join the mining fraternity through cloud mining, as proposed by VNBTC. As the crypto market continues to go into the mainstream, it is evident that VNBTC will continue to optimize its plans and mining features to stay current with the latest technological developments.  

Conclusion

The Bybit “H1 2025 asset allocation report” highlights the ever-evolving nature of cryptocurrency marketing, underscoring the need for investors to remain informed and willing to diversify their portfolios. The continued market dominance of Bitcoin and XRP’s rising star offers a clear perspective on the broader trend in investor behavior.

While Bitcoin remains the dominant asset for individual and institutional investors seeking a hedge against financial market volatility and economic inflation, emerging interest in Ripple’s XRP Shows, there’s growing demand for cryptocurrencies with a specific practical use case in the real world. The dual focus reinforces the fact that investors are interested in both utility-driven and speculative investment tools that are likely to reshape the future of the dynamic cryptocurrency market.

As the cryptocurrency market continues to evolve and mature, it is incumbent upon investors to remain vigilant and continue seeking out investment opportunities that align with their investment goals and risk appetite. Moreover, investors must also stay adaptable and flexible enough to capitalize on emerging opportunities as they arise. The report also highlights the importance of staying informed about market trends and developments. As the crypto landscape continues to evolve, investors must remain vigilant and adaptable, ready to capitalize on new opportunities and navigate the challenges that arise.

Meanwhile, an investor seeking a stable return on investment could try their hand with the offerings of VNBTC Bitcoin and DOGE cloud mining protocol. Surviving the crypto space and earning passive income may sound like fiction to the uninitiated, but learning from the VNBTC narrative is proof that cloud mining can become a money-making venture that offers a stable stream of additional income when you choose a reputable platform.