Morgan Stanley and Galaxy Launch New Path for Clients to Convert Crypto Into Spot ETP Shares

Jun 6, 2026

< 1 min read

by Anisha Pandey

for CoinEdition

Morgan Stanley and Galaxy Launch New Path for Clients to Convert Crypto Into Spot ETP Shares

AI Overview

Morgan Stanley Wealth Management partnered with Galaxy Digital to let eligible clients lend Bitcoin, Ether and Solana to Galaxy in exchange for shares of spot crypto exchange-traded products, including the Morgan Stanley Bitcoin Trust (MSBT). The referral arrangement streamlines converting held crypto into traditional ETP exposure without liquidation and should increase institutional adoption, ETP demand and on-chain lending flows.

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Morgan Stanley Wealth Management partnered with Galaxy Digital, expanding into crypto.
The bank will now let eligible clients lend crypto and receive spot crypto ETP shares.
Clients can use Bitcoin (BTC), Ether (ETH), and Solana (SOL) to obtain ETP exposure.

Morgan Stanley Wealth Management announced a new referral arrangement with Galaxy Digital. The initiative allows eligible clients to lend cryptocurrencies to Galaxy and receive shares of spot crypto exchange-traded products in return, including the Morgan Stanley Bitcoin Trust (MSBT).

The structure is aimed at investors who already hold digital assets and want to move part of that exposure into traditional investment products without going through separate liquidation and purchase processes.

Alison Nest, head of investment solutions products at Morgan Stanley Wealth Management, said the firm has been buildin…

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