Wall Street Fund's Biggest Bet Is Now Ripple Labs at 17.5%

C1 Fund Inc. (NYSE: CFND), a publicly traded fund focused on private crypto companies, disclosed that Ripple Labs equity is now its largest holding at 17.5% of net assets, edging out Kraken parent Payward, Inc. at 16.9%.

The fund reported the allocation in its second-quarter 2026 results, released August 31. Ripple Labs, the company behind the XRP token, is held here as private equity rather than as a token position.

Why Ripple Labs Leads the Portfolio C1 Fund is a closed-end fund, a publicly traded vehicle with a fixed share count that trades like a stock. It holds stakes in 11 private crypto companies, including Kraken, BitGo, Chainalysis and ConsenSys.

As of June 30, its net asset value (NAV) stood at $42.6 million, or $6.49 per share. The fund’s portfolio has grown from seven companies at the end of 2025 to 11 today. BitGo’s clients on the platform grew 26% year over year to 5,833, the fund said.