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.

Crypto

XRP slips after leverage surge, with traders watching key support

XRP has entered a correction after a 71.8 percent surge and is testing a key support zone of $1.35 to $1.38. About 3.2 billion XRP changed hands in that range, making it a major demand area. Resistance is seen at $1.60 to $1.86, with heavier supply at $1.86. The recent pullback coincided with rising derivatives leverage on Binance, widening price swings.