Bitcoin exposure is on the rise in cryptocurrency portfolios, fueled by more innovation-friendly crypto regulations in the U.S. and increasing institutional interest following the launch of spot Bitcoin exchange-traded funds (ETFs), according to a new report from Bybit.
As of May 2025, Bitcoin represents approximately 30.95% of total investor portfolios, up from 25.4% in November 2024, making it the largest individual asset held by crypto investors, the report noted.
Meanwhile, the Ether-to-Bitcoin holding ratio dropped to a yearly low of 0.15 at the end of April, before rebounding to 0.27.
This indicates that for every $1 of Ether, investors are now holding roughly $4 in Bitcoin. Following U.S. President Donald Trump’s inauguration, Bitcoin outperformed all major global asset classes—including stocks, equities, treasuries, and precious metals—drawing significant attention as a portfolio diversifier capable of delivering additional returns, according to a March 2025 report by Cointelegraph.
Bitcoin’s strong performance has sparked a fresh wave of institutional adoption, with the number of corporate Bitcoin-holding companies nearly doubling since June 5. According to BitcoinTreasuries.NET, more than 244 companies now list Bitcoin on their balance sheets, up from 124 just a few weeks prior.
A total of 3.45 million Bitcoin is currently held in treasuries, with approximately 834,000 BTC—or 3.97% of the total supply—held by public companies, and over 1.39 million BTC, or 6.6%, held through spot Bitcoin ETFs.
This accelerating institutional adoption could drive Bitcoin’s value to $1.8 million by 2035, as it begins to compete with gold’s $22 trillion market capitalization, according to Joe Burnett, director of market research at Unchained.
“When I think about where Bitcoin will be in 10 years, there are two models I admire,” Burnett said on Cointelegraph’s Chainreaction show. “One is the parallel model, which projects Bitcoin reaching around $1.8 million by 2035.”
SOL holdings have declined by 35% since October 2024
Despite solid momentum, retail traders’ Bitcoin allocations have fallen by 37% since November 2024, to just 11.6%, about half of the percentage held by institutions.
Retail traders have likely sold off some of their Bitcoin holdings to invest in altcoins, including XRP and stablecoins.
According to the Bybit report, XRP’s share in investor portfolios has nearly doubled—rising from 1.29% in November 2024 to 2.42% in May 2025—fueled by growing anticipation around a potential ETF.
“The crypto investing industry view is that Ripple spot ETF approval is likely ahead of such approval for Solana spot ETF.”
“As such, we’ve observed partial capital allocation on the part of institutions from SOL to XRP,” the report said.
Meanwhile, Solana portfolio holdings plunged from 2.72% in November to 1.76% as of May.
