C1 Fund Inc. (NYSE : CFND), a closed-end fund traded on the New York Stock Exchange, disclosed Ripple Labs Inc. as its largest holding at 17.5% of net assets, surpassing Kraken’s parent structure Payward Inc. at 16.9%. Ripple Labs’ partial share buyback program generated a roughly 150% return on investment over four months for the fund, whose total NAV stood at $6.49 per share. In parallel, Goldman Sachs disclosed $86.5 million in XRP ETF exposure through August 13F filings, while combined spot XRP product AUM reached $1.5 billion that same month. The overall picture shows big capital split between buying Ripple’s private shares for pre-IPO gains and direct exposure through regulated exchange-traded instruments.
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