Bybit's Q3 2025 asset allocation report shows a sharp decline in stablecoin holdings as investors shift funds to Solana (SOL), XRP, and altcoins. Bitcoin and Ethereum remain dominant, with $3 in total holdings for every $1 in BTC, and ETH holdings increasing by 20%. XRP is now the third-largest non-stablecoin asset. Solana (SOL) reached its highest level this year, while DEX tokens were the biggest beneficiaries of the stablecoin reallocation. Institutions are leading the shift toward high-yield digital assets.