- Morgan Stanley will work with Galaxy Digital to offer a service that converts high-net-worth clients’ cryptocurrency holdings into spot exchange-traded funds (ETFs).
- Morgan Stanley’s wealth management division will allow clients to convert direct holdings of Bitcoin (BTC), Ether (ETH) and Solana (SOL) into spot crypto ETFs.
- The service is aimed at clients with at least $5 million in assets, and the converted ETFs can be used as collateral for loans or fundraising.
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Morgan Stanley is teaming up with Galaxy Digital to offer high-net-worth clients a way to convert cryptocurrency holdings into spot exchange-traded funds.
BlockBeats reported on June…
