Ripple Emerges as Top Holding in New York-Traded C1 Fund
Ripple Labs has emerged as the largest holding in C1 Fund’s portfolio, surpassing Kraken parent Payward. The New York Stock Exchange-listed fund disclosed its second-quarter holdings amid growing demand for private crypto companies.
Ripple represented 17.5% of C1 Fund’s net assets, while Payward accounted for 16.9%. The fund reported a $6.49 net asset value per share at the quarter’s end.
C1 Fund generated roughly 150% on its Ripple investment within four months. Ripple’s partial share repurchase program helped drive that return. Meanwhile, the fund allocated $33.07 million across 11 private digital companies. Polymarket also joined the portfolio during the quarter, expanding C1 Fund’s exposure beyond crypto infrastructure.
Institutional Demand Expands Beyond XRP
The Ripple interest extends beyond specialized investment funds. Kinetics Internet Portfolio re…
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