Free Trial

Farallon Capital Management LLC Purchases Shares of 851,193 Grayscale Digital Large Cap Fund LLC $GDLC

Grayscale Digital Large Cap Fund logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Farallon Capital Management bought 851,193 shares of Grayscale Digital Large Cap Fund (GDLC) in Q3 — a stake worth about $47.6 million that represents roughly 6.90% ownership.
  • Multiple other institutions also initiated or increased GDLC positions in Q3, including Virtu Financial (~$10.45M), Rehmann Capital (~$5.53M), Pathstone (~$3.36M), Creative Planning (~$0.58M) and Citadel Advisors (~$0.28M), indicating rising institutional interest.
  • GDLC, an OTC-traded fund providing diversified exposure to large-cap cryptocurrencies, is showing weak price momentum — opened at $32.50 with a 50-day MA of $36.23, 200-day MA of $44.58, and a one-year range of $28.49–$61.89.
  • Interested in Grayscale Digital Large Cap Fund? Here are five stocks we like better.

Farallon Capital Management LLC purchased a new position in shares of Grayscale Digital Large Cap Fund LLC (OTCMKTS:GDLC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 851,193 shares of the company's stock, valued at approximately $47,582,000. Farallon Capital Management LLC owned about 6.90% of Grayscale Digital Large Cap Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDLC. Citadel Advisors LLC bought a new position in shares of Grayscale Digital Large Cap Fund in the third quarter valued at $279,000. Creative Planning bought a new stake in Grayscale Digital Large Cap Fund during the third quarter worth $582,000. Virtu Financial LLC bought a new stake in Grayscale Digital Large Cap Fund during the third quarter worth $10,449,000. Pathstone Holdings LLC acquired a new stake in Grayscale Digital Large Cap Fund in the third quarter valued at $3,363,000. Finally, Rehmann Capital Advisory Group acquired a new stake in Grayscale Digital Large Cap Fund in the third quarter valued at $5,534,000.

Grayscale Digital Large Cap Fund Price Performance

Shares of GDLC opened at $32.50 on Monday. The firm has a 50-day moving average of $36.23 and a 200-day moving average of $44.58. Grayscale Digital Large Cap Fund LLC has a one year low of $28.49 and a one year high of $61.89.

Grayscale Digital Large Cap Fund Company Profile

(Free Report)

Grayscale Digital Large Cap Fund OTCMKTS: GDLC is a digital asset investment vehicle designed to offer investors diversified exposure to large-cap cryptocurrencies through a single, publicly traded instrument. Managed by Grayscale Investments, the fund seeks to track a market-capitalization-weighted index of leading digital assets, providing access to a basket of prominent tokens such as Bitcoin, Ethereum and other top-tier digital currencies. Shares of the fund are traded over the counter, allowing both institutional and individual investors to gain regulated exposure to the crypto asset class without directly holding underlying tokens.

As an open-end grantor trust, GDLC acquires and securely stores its portfolio of digital assets on behalf of shareholders, leveraging custodial arrangements and institutional-grade security protocols.

Further Reading

Institutional Ownership by Quarter for Grayscale Digital Large Cap Fund (OTCMKTS:GDLC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Grayscale Digital Large Cap Fund Right Now?

Before you consider Grayscale Digital Large Cap Fund, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grayscale Digital Large Cap Fund wasn't on the list.

While Grayscale Digital Large Cap Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Click the link to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines