GBTC reached its highest average daily trading volume since 2017 in November

Markets • December 5, 2020, 9:54AM EST
The Block

The average daily trading volume of Grayscale's Bitcoin Investment Trust (GBTC) product grew over 165% in November compared to the previous month, according to data compiled by The Block.

November’s average volume of GBTC was $254.41 million compared to October’s average volume of $95.87 million. November saw the second-highest month ever, shadowed only by December 2017’s trading volume of $422.95 million.

Seven of the top 20 trading days were in November 2020, though the highest were still in 2017.