C1 Fund Makes Ripple Labs Top Holding at 17.49% in XRP (XRP) Ecosystem Signal

Ripple Labs Tops C1 Fund's Q2 Portfolio

C1 Fund Inc. (NYSE: CFND), a closed-end fund trading on the New York Stock Exchange, disclosed its second-quarter 2026 results on August 31, confirming that Ripple Labs has climbed to the top of its portfolio. As of June 30, 2026, the company behind the XRP ledger represented 17.49% of the fund's net assets, overtaking Payward, Inc. — the parent structure of exchange Kraken — which held 16.92%. The official press release lays out a strategy concentrated in late-stage private digital-asset companies, and the fact that the anchor firm of the XRP ecosystem now leads it shows how deep pre-IPO appetite for Ripple equity runs among Wall Street vehicles.

The fund's portfolio investments carried a fair value of roughly $33.07 million at quarter-end — 77.5% of net assets — spread across 11 private companies: Ripple, Payward, Blockchain.com, Chainalysis, ConsenSys, Fireblocks, BitGo, Uphold, Alchemy, Figment and Polymarket, the prediction-market platform added during the reporting quarter. Net asset value stood at $6.49 per share. One detail in the filing catches the eye: after selling a slice of its Ripple position back to the issuer, C1 Fund booked a 141.50% return in just over four months — evidence that demand for Ripple's pre-IPO shares is being priced aggressively. The desk's caveat is important: the fund holds Ripple Labs equity, not XRP tokens, so the disclosure does not translate into direct capital inflow for the token itself. It does, however, signal that traditional-finance allocators are tracking the company closely — Ripple remains a private company as of August 31, 2026. For readers weighing direct token exposure rather than equity, our guide to where and how to buy XRP covers the options.

Wall Street's Twin-Track XRP Exposure

Beyond the closed-end fund, fresh regulatory filings reveal a broader, twin-track institutional approach. An NPORT-P submission from the Kinetics Internet Portfolio, a mutual fund managing $248 million, disclosed a stake of 1,875 Class A Ripple Labs shares valued at about $246,000 — just 0.1% of assets, classified as Level 3 with unobservable value inputs. The size is modest, but acquiring private-company shares through specialized OTC platforms points to a growing practice of embedding pre-IPO crypto equity inside mainstream mutual funds.

The path toward public listings is advancing in parallel. Custodian BitGo went public in January, growing clients 26% year-over-year to 5,833, while Kraken — funded accounts up 42% to 6.6 million — and Blockchain.com have both filed confidential IPO registration statements with the SEC. Meanwhile, exposure to the token itself keeps building through regulated rails: August 13F filings recorded Goldman Sachs allocating $86.5 million across five spot XRP ETFs, and market maker Jane Street lifted its Bitwise XRP ETF position to 1.2 million shares, taking combined spot-product AUM to $1.5 billion — a month in which XRP spot ETFs posted record August inflows. The SEC also approved Evernorth Holdings' Form S-4 for a SPAC merger and Nasdaq listing under the ticker XRPN, backed by a treasury of 473 million XRP. Ripple's own balance-sheet engineering continues: its Ripple Prime division closed a $275 million private bond placement rated BBB by KBRA and joined the Clearpool credit fund to issue fintech loans denominated in RLUSD, the stablecoin whose supply has already topped $2 billion across the XRP Ledger and Ethereum. Large capital, in short, has split its bets between private shares and exchange-traded instruments on the token. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

COINOTAG Composite: $1.3989 Resistance at 90/100

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.3989 resistance at 90/100, driven by the confluence of a low-volume node, Value Area High, HVN and POC, with $1.5139 next at 84/100 (Fibo 0.236, R3, Ichimoku Tenkan). The $1.3754 support scores 81/100 on Fibo 0.500, the Ichimoku Kijun and a MACD cross. Spot prints $1.3877, down 1.69% over 24 hours, with RSI at 62.90 and a bullish MACD inside an uptrend. Contract trading positioning leans long: funding sits at 0.0039%, open interest near $957 million and the long/short account ratio at 2.59 (72.2% long), alongside a Greed reading of 62. A close above $1.3989 opens $1.5139; losing $1.3754 would target the $1.2681 EMA cluster (74/100) and invalidate the bullish structure.