Morgan Stanley, Galaxy Launch Crypto Lending for ETP Shares as BTC Hits $60,749

On June 5, 2026, Morgan Stanley Wealth Management and Galaxy Digital launched a referral program letting high-net-worth clients lend Bitcoin, Ether, and Solana for in-kind shares in spot crypto ETPs such as the Morgan Stanley Bitcoin Trust. The deal cuts Galaxy’s minimum to $5 million from $25 million and shortens onboarding by up to 75% versus prior four-week processes. Building on the SEC’s July 2025 in-kind approval and Morgan Stanley’s April 2026 Bitcoin Trust launch, the partnership aims to ease institutional flows into ETPs amid $4.4 billion in recent Bitcoin ETF outflows and Bitcoin trading near $60,749.