Crypto
NYSE-listed C1 fund becomes largest Ripple holder with 17.5% stake, surpasses Kraken
NYSE-listed closed-end C1 fund made Ripple Labs its biggest holding in the second quarter of 2026. Ripple Labs accounted for 17.5% of net assets, ahead of Kraken parent Payward at 16.9%. The fund’s per-share net asset value was $6.49, and a partial buyback by Ripple Labs influenced allocation. Institutions also reported Ripple share holdings and rising allocations to XRP-linked products, including ETF positions and other funding routes tied to the Ripple ecosystem.
