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.

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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

Company Name	Symbol	Country	May 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

Company Name	Symbol	Country	May 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

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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