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.
AUTHOR
MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
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