Morgan Stanley clients will no longer need to sell coins before buying ETPs.


With 75% time compression, it represents a qualitative shift in institutional entry efficiency.
Galaxy’s move not only locks in positions, but also drives user inflow—win-win.
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Morgan Stanley Wealth Management partners with Galaxy Digital, allowing eligible high-net-worth clients to lend cryptocurrencies such as Bitcoin, Ethereum, Solana, and others to Galaxy, and receive spot crypto ETP shares through in-kind conversion without needing to liquidate the assets first. Both parties stated that this mechanism can reduce the process time for transferring crypto assets into ETPs by up to 75%, and Galaxy will lower the minimum lending transaction size for Morgan Stanley-referred clients from $25 million to $5 million. (The Block)
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