Morgan Stanley Enables In-Kind Bitcoin Lending for Spot ETF Conversions, Cuts Onboarding Time by 75%

BTC-5.85%
SOL-8.06%

According to The Block, Morgan Stanley Wealth Management will enable high-net-worth clients to lend bitcoin, ether, and solana to Galaxy Digital in exchange for shares in spot crypto exchange-traded products, including the Morgan Stanley Bitcoin Trust (MSBT), on Friday. The arrangement could reduce in-kind crypto-to-ETP conversion times by up to 75%.

As part of the partnership, Galaxy Digital is reducing its minimum lending transaction for Morgan Stanley-referred clients to $5 million, down from $25 million.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments