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.
OTC Markets trading volume was still led by cryptocurrencies and cannabis for the month of June, but many other securities shined comparatively as volumes in crypto and cannabis slowed.
Over the course of the month, combined total dollar volume on OTC Markets reached just over $52.5 billion. Compared to May’s total of $60.4 billion, this was a 13% drop. Additionally, in comparison to May’s figures, total dollar volume for the OTCQX was down 35%, however, the OTCQB volume clocked an increase of 36%.
Grayscale Bitcoin Trust GBTC and Grayscale Ethereum Trust ETHE remained the most actively traded names on the top tier of OTC Markets in June, but dollar volume for both was lower compared to May. Dollar volume for GBTC and ETHE fell 28% and 62% respectively as the crypto markets pulled back from all-time highs.
Dollar volume in the Grayscale Ethereum Classic Trust ETCG — which was the third-most traded security on the OTCQX market in May — fell 85% to $216 million from $1.2 billion.
Lightwave Soars and Ahold Delhaize Jumps
One security especially stood out in terms of change in dollar volume since last month— Lightwave Logic, Inc LWLG, a Colorado-based technology company developing electro-optic polymers that increase internet efficiency. Lightwave rocketed to the No. 9 position on the OTCQX, having gone from just over $7 million of volume in May to over $187 million in June. Recently Lightwave achieved “breakthrough test results” for a new device, and announced the receipt of a new patent.
Koninklijke Ahold Delhaize N.V. ADRNY was another notable security with a significant increase of 102% in dollar volume from May. Ahold Delhaize is one of the world's largest food retail groups, a leader in supermarkets and e-commerce with brands such as Hannaford, Giant Food, Stop & Shop, Fresh Direct, and 15 more. Ahold is also a company that’s considered by some to be at the forefront of sustainable retailing with significant ESG efforts. Dollar volume in June reached over $64 million, more than doubling May’s total.
As a whole, much of the activity in the market seemed to be rotating away from major segments considered by many to be more volatile and speculative such as crypto and cannabis and moving towards more traditional categories such as consumer goods, financial services, telecom and others, which seem to be coming back into larger popularity.
On the OTCQB Venture Market Fannie Mae FNMA took the No. 1 slot for trading volume in June at $450 million. Recently, the U.S. Supreme Court ruled that it was structured unconstitutionally, dealing a severe blow to investors who hoped it would be re-privatized soon. Following the ruling, the White House decided to remove the current head of the Federal Housing Finance Agency and to continue with federal oversight.
Other OTCQB Venture Market standouts include Netlist, Inc NLST, Worksport Ltd. WKSP, CytRx Corp. CYTR Cybin Inc CLXPF, Pharmather Holdings Ltd. PHRRF, UEX Corp UEXCF and Skye Bioscience Inc SKYE — all with large increases in dollar-trading volume.
AmmPower Corp AMMPF, a battery, power and environmental solutions company, saw significant dollar volume increases as well.
Below are the top 10 most actively traded securities on the OTCQX and OTCQB markets in June:
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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