SIX Swiss Exchange said in its 2025 crypto products report that non-bitcoin underlyings captured the majority of trading turnover, leaving Bitcoin at 32.34% of activity.
The exchange’s turnover-by-underlying split shows Solana at 24.64%, Ripple at 14.99%, and Ethereum at 12.51%, with “Others” at 7.93% and index products at 7.59%. On that mix, altcoins and non-BTC exposures collectively accounted for 67.66% of turnover, signalling that flow is diversifying beyond a single benchmark.
On the product level, the report lists the 21Shares Solana Staking ETP with 870,081,277 in market turnover and 28,669 trades, while the 21Shares XRP ETP logged 440,387,273 and 20,266 trades. SIX also shows USD as the leading trading currency at 78% of turnover. Watch whether this allocation holds through 2026, and whether issuer concentration, led by 21Shares AG in turnover-by-issuer, remains intact.
Source: SIX Swiss Exchange Ltd, Crypto Products Traded on the SIX Swiss Exchange, Yearly Report 2025.
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