These OTC Securities Had the Most Trading Activity in April

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.

April was another fascinating month in OTC Markets trading, as cryptocurrency, international and cannabis securities continued to receive the majority of trading volumes.

The Grayscale Bitcoin Trust GBTC continued to see the most dollar volume at $8.7 billion in April, even amid a sharp pullback in the price of Bitcoin (BTC).

Ethereum (ETH) Rising

The Grayscale Ethereum Trust ETHE took the No. 2 spot with $3.4 billion in April dollar volume, confirming that the cryptocurrency craze is not going anywhere anytime soon. With a 112% increase in volume, this security mirrors the price of Ethereum (ETH) garnered a lot of attention as its corresponding cryptocurrency broke out to new record highs in April.

The Grayscale Ethereum Classic Trust ETCG also saw a heavy uptick in volume thanks to strong performance from Ethereum (ETH), with a 283% change in April dollar volume

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International Securities on the Uptick 

Several international names saw substantial trading activity during April, including Switzerland-based Roche Holding Ltd RHHBY and Canada-based BIGG Digital Assets Inc. BBKCF, with the latter seeing an 83% increase in volume.

Other standouts included French bank BNP Paribas BNPQY and Reconnaissance Energy Africa Ltd RECAF, up 28% and 320% in dollar volume, respectively.

Cannabis Securities Still Attracting Attention

Cannabis securities are still seeing strong volume amid continued optimism surrounding widespread legalization, with Trulieve Cannabis Corporation TCNNF, Green Thumb Industries Inc. GTBIF and Curaleaf Hldngs Inc. CURLF all making the top 10 in terms of April dollar volume.

OTCQB

In the OTCQB Venture Market, Voyager Digital Ltd. VYGVF took the top spot yet again with $721 million in volume. The company is experiencing sharp growth thanks to its commission-free crypto trading platform and attractive interest rates offered to users.

Just outside the top 10 in OTCQB Venture Market trading volume was Sysorex Inc. SYSX, which saw its volume increase in April thanks to a reverse merger announcement with the largest Ethereum (ETH) mining company.

Other standouts in the OTCQB Market include CytoDyn Inc. CYDY, MIND MEDICINE MINDMED INC. MMEDF, Fannie Mae FNMA, American Battery Metals Corporation ABML, Investview Inc. INVU, Alpine 4 Holdings Inc. INVU, Freddie Mac FMCC and Netlist, Inc NLST.

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

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.