Morgan Stanley Wealth Management partnered with Galaxy Digital to allow eligible clients to lend digital assets in exchange for crypto ETP shares. This initiative aims to facilitate in-kind conversions of digital assets into spot Bitcoin ETFs. Additionally, the bank has started offering loans against spot Bitcoin ETF holdings with a 50% loan-to-value (LTV) ratio.
The investment giant amended SEC filings to include 95% staking reward retention for investors alongside a 0.14% annual sponsor fee.
Read the full storyThe investment banking giant starts accepting spot Bitcoin ETF holdings as collateral for loans with a 50% loan-to-value ratio.
The investment bank is allowing clients to lend Bitcoin to facilitate spot ETF conversions, aiming to integrate digital assets into traditional structures.
Morgan Stanley partners with Galaxy Digital to enable wealth clients to lend digital assets for in-kind conversions into spot Bitcoin ETFs.