Morgan Stanley Offers 50% LTV Loans Against Bitcoin ETF Holdings

Morgan Stanley has expanded its Galaxy Digital partnership by offering eligible wealth clients loans of up to 50% against spot Bitcoin ETP holdings. The June 10 development builds on the June 8 announcement that first enabled clients to lend Bitcoin, Ethereum, or Solana in exchange for ETP shares using in-kind creation mechanics. Clients can now access margin borrowing, securities lending, and consolidated reporting inside brokerage accounts, with the minimum lowered to $5 million. The bank’s own MSBT product, launched in April, holds $252 million at a 0.14% fee. Bitcoin traded near $60,000 after a 53% decline from its 2025 peak.