Wed 25 Jun 2025 ▪ 4 min read ▪ by Ifeoluwa O.
Bitcoin has reaffirmed its dominance in the digital asset space, gaining momentum amid relaxed U.S. regulations and heightened institutional interest. The introduction of spot Bitcoin exchange-traded funds (ETFs) has further catalyzed structured investments into the asset.
Key Highlights
- Bitcoin’s portfolio share surged from 25.4% (Nov 2024) to 30.95% (May 2025).
- Bitcoin’s market dominance exceeds 62%, solidifying its leadership.
- XRP surpasses Solana as the third-largest non-stablecoin cryptocurrency, fueled by optimism for an XRP spot ETF.
Bitcoin Strengthens Institutional Appeal
According to Bybit, Bitcoin now constitutes ~30.95% of crypto portfolios (up from 25.4% in November 2024), reflecting a strategic pivot by institutional players. CoinGecko data underscores this trend, with Bitcoin commanding 62% of the total crypto market cap.
👉 Why Bitcoin remains the gold standard of cryptocurrencies
Ethereum Loses Ground Amid Bitcoin Focus
Ethereum’s allocation has contracted as institutional interest shifts toward Bitcoin:
- ETH-to-BTC ratio dropped to 0.27 (May 2025), with Bitcoin outweighing ETH 4:1.
- Corporate & ETF holdings exceed 3.45M BTC, shrinking available supply.
- Retail BTC holdings fell 37% since November 2024.
Despite a brief rebound (3.89% to 7.2% between April–May 2025), ETH remains below its November 2024 peak of 11.12%.
XRP Rises on ETF Optimism
XRP overtook Solana as the third-largest non-stablecoin asset, driven by:
- 95% approval odds for an XRP spot ETF (Bloomberg).
- Holdings surged from 1.29% (Nov 2024) to 2.42% (May 2025).
Bybit notes:
"XRP’s bullish momentum has positioned it as a top altcoin performer."
Conversely, Solana holdings declined 35% since October 2024, with weaker near-term ETF confidence. Capital rotation into XRP suggests market anticipation of Ripple’s regulatory clearance.
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FAQ
Q: Why is Bitcoin’s dominance increasing?
A: Institutional adoption, ETF inflows, and its store-of-value narrative are key drivers.
Q: Will Ethereum recover its market share?
A: While ETH shows signs of rebound, Bitcoin’s dominance and layer-2 scaling challenges remain headwinds.
Q: What’s next for XRP?
A: Regulatory clarity and ETF approval could propel XRP further, though competition with Solana persists.