Morgan Stanley, Galaxy Digital Partner to Convert Crypto Holdings to Spot ETFs With $5M Minimum

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According to Barron's, Morgan Stanley's wealth management unit and Galaxy Digital have partnered to allow high-net-worth clients holding Bitcoin, Ethereum, or Solana to convert direct holdings to spot crypto ETFs. The converted ETFs can be used as collateral for financing, with a minimum transaction threshold of $5 million. The partnership follows the SEC's 2025 approval of in-kind conversion mechanisms between direct crypto assets and spot crypto ETFs.
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