Dollar volume on the OTCQX Market rose roughly 8.6% in August from July, with much of that increase coming from heightened trading activity in a select number of industries.
Of the top 30 most actively traded securities on the OTCQX Market last month, the names with the greatest month-over-month increases in volume all fit into three buckets: cannabis, crypto, and gold.
North and South American mining company GoldMining Inc. (OTCQX:GLDLF) experienced the greatest increase from July to August, as dollar volume rose 344%. Grayscale Digital Large Cap Fund LLC (OTCQX:GDLC) followed with a 312% monthly increase, while Trulieve Cannabis Corporation (OTCQX:TCNNF) and Green Thumb Industries Inc. (OTCQX:GTBIF) increased 163% and 112% respectively.
The pattern is hardly a surprise. In an industry buoyed by the fact that many dispensaries were allowed to remain open during quarantine, Trulieve and Green Thumb have been among the best-performing cannabis companies this year. Both companies have seen their shares rise over 300% from the bottom in mid-March.
And with the major indexes rising to new all-time highs in the midst of a global pandemic, some investors have sought alternatives to U.S. equities—such as gold and cryptocurrencies. Along with GLDC, the Grayscale Bitcoin Trust (OTCQX:GBTC) and Grayscale Ethereum Classic Trust (OTCQX:ETCG) also saw dollar volume rise 31% and 45% respectively during the month.
In all, two of the top three most actively traded securities on OTCQX in July were crypto-related securities from Grayscale, and five of the top 10 are involved in cannabis.
The list of the top 10 most active securities for the OTCQX Market is below. Cannabis companies are denoted with an asterisk.
August Dollar Volume
Grayscale Bitcoin Trust (BTC)
Roche Holding Ltd
Grayscale Ethereum Trust (ETH)
Trulieve Cannabis Corporation*
Green Thumb Industries Inc.*
Curaleaf Holdings Inc.*
Planet 13 Holdings Inc.*
Cresco Labs Inc.*
On the OTCQB Venture Market, DSG Global Inc (OTCQB:DSGT), GreenPower Motor Company Inc. (OTCQB:GPVRF), and Galaxy Next Generation, Inc. (OTCQB:GAXY) experienced the greatest month-over-month dollar volume increases.
The list of the top 10 most active securities for the OTCQB Market is below.
August Dollar Volume
Galaxy Next Generation, Inc.
GreenPower Motor Company Inc.
TOMI Environmental Solutions, Inc.
TPT Global Tech, Inc.