Bybit Q3 2025 Asset Allocation Report: Stablecoin holdings decrease, funds flow to SOL, XRP, and other altcoins Odaily Planet Daily News: Bybit has released its latest "Asset Allocation Report for the Third Quarter of 2025". The report shows that investors are significantly reducing their holdings of stablecoins and instead increasing their allocation of Solana (SOL), XRP, and other altcoins. Although Bitcoin (BTC) and Ethereum (ETH) remain the core of investment portfolios, institutional investors are leading the market from stablecoins to cryptocurrencies with higher potential for returns. Key points of the report: BTC accounts for approximately $1 out of every $3 held by investors; ETH holdings have increased by 20% since the previous report; XRP has become the third largest non stablecoin asset. The concentration of BTC and ETH in non stablecoin assets decreased from 58.8% in May 2025 to 55.7% in August 2025, mainly due to more funds flowing into altcoins. Stablecoins were significantly redistributed to SOL, XRP, and other altcoins during Q3. Solana's holdings hit an annual high, and the market expects it to replicate BTC and ETH's "institutionalized fund management" strategy. Decentralized exchange (DEX) tokens have become the biggest beneficiaries of stablecoin fund outflows, followed by Layer 1, Layer 2, and RWA (real-world asset) tokens; Meme coins have shown lackluster performance, while gold tokens remain in a minority position. The Bybit research team pointed out that the trend in the third quarter highlights the continued increase in investor interest in altcoins. Institutional investors are particularly evident in reducing their "cash" positions to seize market momentum; BTC and ETH remain the cornerstone of long-term allocation. The rise of SOL, XRP, and DEX tokens demonstrates an accelerating trend towards diversified cryptocurrency asset portfolios.