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

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.

About Author

MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program (SHERP).