Key facts
- Morgan Stanley Wealth Management and Galaxy Digital have established a referral arrangement.
- Eligible clients can lend cryptocurrency to Galaxy Digital.
- Clients will receive shares of spot crypto ETPs, including the Morgan Stanley Bitcoin Trust.
- The ETPs offer exposure to spot crypto assets.
Morgan Stanley Wealth Management has entered into a new referral arrangement with Galaxy Digital. This collaboration allows eligible clients of Morgan Stanley Wealth Management to lend their cryptocurrency holdings to Galaxy Digital. In return for lending their crypto, these clients will receive shares of exchange-traded products (ETPs) that provide exposure to spot cryptocurrencies. Among these ETPs is the Morgan Stanley Bitcoin Trust (MSBT), which is offered by Morgan Stanley Investment Management.