Benzinga | Jun 17, 2021 10:57AM EDT

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

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 (OTCQX: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 (OTCQX: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 (OTCQX: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 (OTCQX:RHHBY, RHHBF, RHHVF)), French banking group BNP Paribas (OTCQX:BNPQY, BNPQF)) and German sneakers and apparel company adidas AG (OTCQX: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 (OTCQX:TCNNF), Green Thumb Industries Inc. (OTCQX:GTBIF), Curaleaf Hldngs Inc. (OTCQX:CURLF) and Cresco Labs Inc. (OTCQX:CRLBF) all making the Top 10 for May dollar volume.

OTCQB

In the OTCQB Venture Market, Voyager Digital Ltd. (OTCQB: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. (OTCQB: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. (OTCQB:CWGL) and Oroco Resource Corp. (OTCQB: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



MayCompany Name Symbol Country 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



MayCompany Name Symbol Country 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