Grayscale Digital Large Cap Fund LLC (OTCMKTS:GDLC - Get Free Report) rose 2.3% during trading on Friday . The stock traded as high as $35.46 and last traded at $35.20. Approximately 103,946 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 76,996 shares. The stock had previously closed at $34.41.
Grayscale Digital Large Cap Fund Price Performance
The firm has a fifty day moving average of $32.56 and a 200 day moving average of $39.58.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farallon Capital Management LLC bought a new position in Grayscale Digital Large Cap Fund during the third quarter valued at approximately $47,582,000. Pasadena Private Wealth LLC lifted its position in Grayscale Digital Large Cap Fund by 864.9% during the first quarter. Pasadena Private Wealth LLC now owns 252,650 shares of the company's stock valued at $7,880,000 after purchasing an additional 226,466 shares during the period. Virtu Financial LLC bought a new position in Grayscale Digital Large Cap Fund during the third quarter valued at approximately $10,449,000. Riversedge Advisors LLC bought a new stake in shares of Grayscale Digital Large Cap Fund in the fourth quarter worth $4,641,000. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Grayscale Digital Large Cap Fund by 8.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 107,338 shares of the company's stock worth $4,431,000 after acquiring an additional 8,542 shares during the period.
Grayscale Digital Large Cap Fund Company Profile
(
Get 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.
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