August saw a slight increase in trading volume on the OTC Markets with activity showing signs of direction coming out of the summer doldrums. Leading the charge were cryptocurrencies, specifically the familiar funds from Grayscale Investments LLC and a smattering of large increases in manufacturing and tech stocks.
The combined total dollar volume on OTC Markets in August reached just over $52.6 billion. Compared to July’s total of $50.3 billion, this was a 4.2% increase. Additionally, in comparison to July’s figures, the total dollar volume for the OTCQX was up by 24%, while the OTCQB recorded a decrease of 37% in volume.
On the OTCQX Best Market, there was no change in the order of the top 3 most actively traded securities for August. Grayscale Bitcoin Trust (OTCQX: GBTC) maintained its top spot with Grayscale Ethereum Trust (OTCQX: ETHE) and Roche Holding Ltd. (OTCQX: RHHBY) in the No. 2 and No. 3 spots respectively.
The only surprise amongst the top 3 was ETHE, which did have a sharp 113% increase in dollar volume in August. The increase came in tandem with increased activity and rising prices in Ethereum and other cryptocurrencies during the same month as well.
Grayscale Digital Large Cap Fund LLC (OTCQX: GDLC), another fund from Grayscale Investments LLC, saw a 116% increase in trading volume after news that GDLC had become an SEC reporting company.
Another standout in terms of trading volume in the OTCQX was Wal-Mart De Mexico (OTCQX: WMMVY), which saw a 227% increase in August after reporting strong financial results near the end of July.
Netlist, Inc. (OTCQB: NLST) a provider of high-performance SSDs and modular memory subsystems to enterprise customers, maintained its No. 1 spot in terms of dollar volume on the OTCQB Venture Market in August even after experiencing a decrease in trading volume for the same month.
However, the most dramatic increases in volume came from 3 securities in the OTCQB market. TPT Global Tech, Inc. (OTCQB: TPTW), Bluejay Mng PLC (OTCQB: BLLYF) and Western Magnesium Corp. (OTCQB: MLYF), which all saw increases in volume. TPTW soared into the top 10 in August as well.
Israel-based Todos Medical Ltd. (OTCQB: TOMDF) also saw an increase in volume on a flurry of positive news around its new COVID-19 variant identification tests, which can effectively identify various strains of the virus. The increase translated into an $11 million increase in trading volume for its stock this month.
Below are the top 10 most actively traded securities on the OTCQX and OTCQB markets in August:
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