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 most likely “disposed of the Bitcoin holdings in order to purchase altcoins,” including XRP$XRP 2.18 and stablecoins.
Meanwhile, the percentage of XRP held in portfolios has doubled, from 1.29% in November 2024 to 2.42% as of May, driven by growing ETF expectations, according to the Bybit report:
“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.
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