C1 Fund Inc. (CFND), a fund listed on the New York Stock Exchange, has disclosed its holdings for the second quarter of 2026, identifying Ripple Labs as its largest position, accounting for 17.5% of its net assets. This disclosure places Ripple Labs ahead of Payward, the parent company of Kraken, which represents the fund’s second-largest holding at 16.9% of net assets.
According to C1 Fund Inc.’s disclosures, the fund’s net asset value (NAV) per share was $6.49 during Q2 2026. The fund also expanded its portfolio by adding Polymarket, bringing the total number of private digital companies held by C1 Fund Inc. to eleven. Prior to this quarter, the fund held seven such companies, with a total deployment across these eleven private digital companies amounting to $33.07 million.
The fund’s performance metrics indicate that its stake in Ripple generated a 150% return over a four-month period. The report partly attributes this return to Ripple’s own share repurchase program. This investment strategy, focusing on private digital companies, suggests a continued institutional appetite for the underlying infrastructure of the crypto sector.
In the broader market context, XRP, the digital asset associated with Ripple Labs, was trading at $1.36, down 1.80% on the day. Technical indicators show the Relative Strength Index (RSI) near 61 on daily charts, with the Moving Average Convergence Divergence (MACD) indicating a buy signal. Traders are reportedly watching the $1.34-$1.35 level as a key support zone, with potential resistance identified between $1.42-$1.43. Some analysts suggest potential price targets of $2 for XRP in September, though a risk scenario could see the price slide towards $1.25. A scheduled Ripple escrow release this week is also noted as a factor to track, separate from the fund’s investment activities.
Separately, the report mentions Bitcoin Hyper, a project aiming to build a Bitcoin Layer 2 solution with native SVM integration, promising faster smart contract execution and bridging to Bitcoin’s base-layer security. The presale for Bitcoin Hyper has raised $33 million so far, with tokens currently priced at $0.0136855 USD each. Early participants are reportedly offered 35% staking rewards.
Why This Matters
The C1 Fund Inc. disclosure highlights institutional interest in private digital asset companies, with Ripple Labs being the most significant position. This suggests a continued institutional focus on the underlying infrastructure of the crypto space. The exact timing and impact of the scheduled Ripple escrow release remain factors to track.
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