These OTCQX and OTCQB Securities had the Most Trading Activity in May

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Photo by Karsten Winegeart on Unsplash

May 2021 saw a $61.4 billion-dollar (total) volume in OTC Markets trading and was another month dominated by cryptocurrency-related news, which is reflected in the most active OTCQX & OTCQB securities for May. 

Crypto Sell-Off -  Drives Volumes

Cryptocurrencies faced heavy selling pressure in May possibly due to fears surrounding China’s digital-asset policy. This drove strong volume in crypto-related securities that are traded on the  OTC Markets.

The Grayscale Bitcoin Trust GBTC saw the most dollar volume again at $8.4 billion in May, which was driven by a massive selloff in Bitcoin (BTC) during the month.

The Grayscale Ethereum Trust ETHE took the No. 2 spot with $8.2 billion dollar volume in May, which is over double the volume from April. As all major cryptocurrencies faced a sharp correction, this security saw a 139% increase in volume.

The Grayscale Ethereum Classic Trust ETCG also saw a heavy uptick in volume, with a 393% change in April dollar volume to $1.4 billion.

European Securities Moving

Several European securities saw strong volume in May, including Switzerland-based Roche Holding Ltd RHHBY RHHBF, RHHVF)), French banking group BNP Paribas BNPQY BNPQF)) and German sneakers and apparel company adidas AG ADDYY ADDDF)), with the latter seeing a 96% increase in volume.

Cannabis Securities Round Out the Top 10 Most Active

Cannabis securities were also active in May as widespread legalization gained ground with two Republican congressmen introducing a bill for federal legalization. Trulieve Cannabis Corporation TCNNF, Green Thumb Industries Inc. GTBIF, Curaleaf Hldngs Inc. CURLF and Cresco Labs Inc. CRLBF all making the Top 10 for May dollar volume.

OTCQB

In the OTCQB Venture Market, Voyager Digital Ltd. VYGVF took the top spot yet again with $377 million in dollar volume, which was down from last month. The crypto platform provider dealt with massive trading volumes during the market volatility during May.

Rounding out the Top 10 was Digihost Technology Inc. HSSHF. This growth-oriented blockchain technology company is primarily focused on Bitcoin (BTC) mining and saw its volumes increase in May.

Crimson Wine Group Ltd. CWGL and Oroco Resource Corp. ORRCF also stood out with increases in dollar volume. 

Below are the 10 most actively traded securities on the OTCQX and OTCQB markets in May:

OTCQX

OTCQB

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.