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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.
As October marked the beginning of Q4 we saw a decent jump in trading volume as compared to September in the OTC Markets. Leading the charge were cryptocurrencies, specifically the familiar funds from Grayscale Investments LLC and others in the Crypto space, and a set of large increases in healthcare, financials, and tech securities.
In October, the combined total dollar volume on OTC Markets reached over $53.2 billion compared to September’s $51.1 billion which represented a 4.1% increase month over month.
Crypto remained a hot theme throughout the year, and October was no different. Grayscale Bitcoin Trust GBTC and Grayscale Ethereum Trust ETHE continue to trade places as the top two securities by dollar volume. Over half of the top ten securities in terms of dollar volume for October were crypto-associated names. The Grayscale Bitcoin and Ethereum Trusts were joined in the top ten by Voyager Digital Ltd. VYGVF, Bitwise 10 Crypto Index Fund BITW, and the Grayscale Digital Large Cap Fund GDLC.
Aside from crypto, the month saw traditional names in the healthcare, materials, and technology space having strong dollar volume. A few notable companies during the month were Roche Holdings Ltd RHHBY which is one of the world’s largest pharmaceutical companies. It continued to see strong dollar volume due to strong earnings growth presented on October 19th but was down 23.9% MoM compared to September.
Danone DANOY, a world-leading food company saw an increase of over 92% of dollar volume during the month due to an excellent quarter reported on October 19th.
October saw a more inflationary theme in the OTCQB marketplace. Alpine 4 Holdings ALPP took the top spot with a 28.5% change from September dollar volume. The move came as the company was approved to be listed on the NASDAQ starting October 20th. Alpine 4 Holdings is a holding company that acquires businesses that fit into its disruptive business model of Drivers, Stabilizers, and Facilitators. The company owns nine subsidiaries.
Following Alpine 4 Holdings, the leading names by dollar volume were a combination of financials, materials, and resources led by Fannie Mae FNMA, Freddie Mac FMCC, American Battery Technology Company ABML which were also found in the top ten in September. Some new additions to the top ten were Australian-based Lake Resources N.I. LLKKF as the metals and mining space continues to hold its shine worldwide, and NaturalShrimp Inc SHMP which added a unique partnership with distributor Gulf Seafood for 25,000 pounds of shrimp.
As Q4 looks to close out the year, both supply chain constraints and crypto will likely drive the narrative heading into November, December, and January which tend to be three of the most powerful months for the stock market.
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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