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.

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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

 

Company Name

Symbol

Country

May

Dollar Volume

Grayscale Bitcoin Trust (BTC)

GBTC

USA

$8,390,887,292

Grayscale Ethereum Trust (ETH)

ETHE

USA

$8,233,493,202

Grayscale Ethereum Classic Trust (ETC)

ETCG

USA

$1,454,981,534

Roche Holding Ltd

RHHBY

Switzerland

$1,087,826,439

BNP Paribas

BNPQY

France

$440,977,544

adidas AG

ADDYY

Germany

$319,594,919

Trulieve Cannabis Corporation

TCNNF

USA

$225,076,226

Green Thumb Industries Inc.

GTBIF

USA

$207,063,477

Curaleaf Hldgs Inc.

CURLF

USA

$199,262,353

Cresco Labs Inc.

CRLBF

USA

$164,082,424

OTCQB

 

Company Name

Symbol

Country

May

Dollar Volume

Voyager Digital Ltd.

VYGVF

USA

$377,355,973

American Battery Metals Corporation

ABML

USA

$166,001,213

CytoDyn Inc.

CYDY

USA

$162,545,324

Fannie Mae

FNMA

USA

$118,301,466

Northwest Biotherapeutics, Inc.

NWBO

USA

$77,288,323

Alpine 4 Holdings Inc.

ALPP

USA

$47,419,060

Jushi Holdings Inc.

JUSHF

USA

$45,255,438

High Tide Inc.

HITID

Canada

$37,383,699

Freddie Mac

FMCC

USA

$37,233,043

DIGIHOST TECHNOLOGY INC.

HSSHF

Canada

$28,361,911

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.

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