Crypto News
C1 Fund reported a Q2 NAV of $6.49 per share and now holds 11 crypto companies, up from 7. Ripple Labs is the largest position at 17.5% of net assets, ahead of Kraken at 16.9%. The fund also added Polymarket during the quarter.
Why it matters
The roster expansion gives the New York-traded vehicle a broader crypto-infrastructure footprint while keeping the portfolio concentrated at the top. Ripple Labs and Kraken together account for 34.4% of net assets, making the fund's largest positions a material part of its institutional crypto exposure.
For XRP watchers, the figures are a signal around the Ripple ecosystem. The reported 17.5% position is in Ripple Labs, so it should not be read as a stated spot-XRP inflow.
Market impact
The fund offers a public-market lens on institutional capital flowing into crypto companies, rather than a direct token-flow report. Adding Polymarket broadens the roster beyond the previous seven holdings.
Investors can track whether Ripple Labs remains the anchor, whether Polymarket becomes a larger allocation, and how the $6.49 NAV per share changes in later results.
Frequently asked questions
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What NAV per share did C1 Fund report for Q2?
C1 Fund reported a Q2 NAV of $6.49 per share.
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How concentrated are C1 Fund's two largest holdings?
Ripple Labs represented 17.5% of net assets and Kraken 16.9%, putting the two holdings at 34.4% combined.
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How did C1 Fund's crypto-company roster change?
The fund now holds 11 crypto companies, up from 7.
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What new company did C1 Fund add in Q2?
C1 Fund added Polymarket during the quarter.
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Does the 17.5% position confirm a spot-XRP inflow?
The reported 17.5% position is in Ripple Labs, and the figures do not state that it is a spot-XRP purchase.
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