According to Foresight News, C1 Fund Inc., a closed-end investment company, has filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC) on November 12 for a $100 million initial public offering (IPO) focused on digital assets. The fund aims to maximize total portfolio returns primarily through capital gains from fund stocks and stock-related investments. Under normal market conditions, the fund plans to invest at least 80% of its total assets in stocks and stock-linked securities of companies primarily engaged in the digital asset services and technology industry.
C1 Fund Inc., based in Palo Alto, California, intends to achieve its investment objectives by investing in a portfolio of what it considers the top 30 digital asset services and technology companies. C1 Advisors LLC, also located in Palo Alto, California, will serve as the fund's investment advisor. The fund's strategy reflects a growing interest in the digital asset sector, aiming to capitalize on the potential growth and innovation within this industry. By focusing on leading companies in the digital asset space, C1 Fund Inc. seeks to offer investors exposure to the evolving landscape of digital technologies and services.