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GBTC reached its highest average daily trading volume since 2017 in November
UPDATED: July 14, 2021, 11:58AM EDT
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
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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.
