According to a new report from Bybit, the exposure of Bitcoin in cryptocurrency portfolios is increasing, driven by more innovation-friendly cryptocurrency regulatory policies in the U.S. and the growth in institutional adoption spurred by the launch of spot Bitcoin exchange-traded funds (ETFs).
Bitcoin (BTC) accounts for about one-third of investors' portfolios, representing 30.95% of total assets as of May, up from 25.4% in November 2024.
The report states that this makes Bitcoin the largest single asset held by cryptocurrency investors. Meanwhile, the holding ratio of Ethereum (ETH) to Bitcoin fell to a 2025 low of 0.15 at the end of April, before recovering to the current 0.27.
This means that for every dollar of Ethereum held, investors may hold about four dollars of Bitcoin.
According to a Cointelegraph report in March 2025, Bitcoin has outperformed all major global assets, including stock markets, equities, government bonds, and precious metals, since U.S. President Trump's inauguration, gaining significant attention as a portfolio diversification asset capable of generating additional returns.
The strong returns of Bitcoin have sparked a new wave of institutional adoption, with the number of companies holding Bitcoin on their balance sheets nearly doubling since June 5. According to BitcoinTreasuries.NET, over 244 companies currently hold Bitcoin, up from just 124 a few weeks ago.
A total of 3.45 million Bitcoins are held in treasuries, with 834,000 or 3.97% of the total supply in public company treasuries, and over 1.39 million Bitcoins or 6.6% held through spot Bitcoin ETFs.
According to Joe Burnett, Director of Market Research at Unchained, the growing institutional adoption could see Bitcoin reach $1.8 million by 2035, as the world's first cryptocurrency begins to compete with gold's $22 trillion market cap.
Burnett said on Cointelegraph's Chainreaction program, "When I think about where Bitcoin will be in 10 years, there are two models I appreciate. One is the parallel model, which suggests Bitcoin will be around $1.8 million in 2035."
Despite the strong momentum, retail traders' Bitcoin allocation has decreased by 37% since November 2024, down to just 11.6%, about half of the percentage held by institutions.
Retail traders are likely "disposing of their Bitcoin holdings to buy altcoins," including Ripple (XRP) and stablecoins.
Meanwhile, according to the Bybit report, driven by growing ETF expectations, the percentage of XRP held in portfolios has doubled, rising from 1.29% in November 2024 to 2.42% in May:
The report states, "Thus, we observe institutions reallocating some capital from SOL to XRP."
At the same time, the holding of Solana in portfolios plummeted from 2.72% in November to 1.76% in May.
Related: The "mystery man" of Ripple, Arthur Britto, breaks 14 years of silence—who exactly is he?
Original: “Bitcoin (BTC) accounts for one-third of investor cryptocurrency portfolios in 2025”
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