Morgan Stanley Partners with Galaxy for Crypto-ETP Access
Morgan Stanley Wealth Management teams up with Galaxy Digital to facilitate a pathway for clients to convert directly held cryptocurrencies into shares of spot crypto exchange-traded products. This arrangement allows eligible clients to lend specific digital assets, including Bitcoin, Ether, and Solana, to Galaxy Digital, as reported by Crypto Adventure.
Morgan Stanley Wealth Management has initiated a new referral partnership with Galaxy Digital. This collaboration aims to provide eligible clients with an efficient means of converting directly held cryptocurrencies into shares of spot crypto exchange-traded products (ETPs). The program includes specified digital assets, notably Bitcoin, Ether, and Solana.
Under the terms of the partnership, clients will lend their crypto assets to Galaxy. This lending process allows for a seamless transition into the ETP shares offered by Galaxy, enhancing clients’ investment capabilities and asset diversification options. The arrangement reflects a growing trend among financial institutions to incorporate cryptocurrency products into traditional investment strategies.
This launch signals an increasing acceptance of crypto assets within wealth management services, potentially attracting more institutional and high-net-worth investors seeking exposure to digital currencies while managing risks through the ETP structure. As more wealth management firms explore similar partnerships, the landscape of crypto investment continues to evolve.
Summary based on original reporting by Glenn Nasta at Crypto Adventure, originally published Jun 5, 2026. SolanaWire does not republish source content.
Strategy’s STRC Drops Below $92 Amid Bitcoin Selloff
Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, has fallen below $92 due to a recent Bitcoin decline, as reported by Crypto Adventure. On the latest market check, STRC traded at approximately $92.38, marking a decrease of over 3% and reaching an intraday low near $91.16.
1 hour ago·Crypto Adventure·Reported by Gianluca Longinotti
a16z-Linked Wallet Withdraws 224,118 HYPE Amid Price Drop
A wallet cluster connected to Andreessen Horowitz has withdrawn 224,118 HYPE from exchanges, valued at approximately $15.16 million. This activity comes as on-chain analysts monitor its continued accumulation despite falling prices, according to Crypto Adventure.
1 hour ago·Crypto Adventure·Reported by Iulian Lesanu
Securitize Moves Toward Public Listing After SEC Approval of Merger
Securitize, a tokenization firm backed by BlackRock, has received approval from the U.S. SEC for its merger with Cantor Equity Partners II. The shareholder vote is scheduled for June 29, 2026, marking a significant step for the firm amid a challenging environment for crypto IPOs, as reported by CoinDesk.
1 hour ago·CoinDesk·Reported by Krisztian Sandor
Bitcoin Falls Below $60,000 Amid Zcash Vulnerability and Strong Jobs Data
Bitcoin has dropped below $60,000, marking its first breach of this level since 2024, as reported by Decrypt. This decrease follows strong U.S. jobs data that raised expectations for interest rate hikes and coincides with a major vulnerability found in Zcash, which has led to a sharp decline in its price.
2 hours ago·Decrypt·Reported by Andrew Hayward
Trending this week
Cypherpunk Technologies Shares Drop 37% on Zcash Bug Concerns
Cypherpunk Technologies, backed by Winklevoss twins, saw its shares fall 37% due to concerns about a bug in Zcash that could potentially allow counterfeit coins to enter the market, as reported by Decrypt. The company's holdings in Zcash, valued at $102 million, also faced significant losses amid these revelations.
2 hours ago·Decrypt·Reported by André Beganski
Lawmaker Addresses Concerns Over Government Payments in Stablecoins
During a House Financial Services Committee hearing, U.S. Representative Brad Sherman expressed strong opposition to using stablecoins for government payments, warning it could promote a 'tax-evasion economy.' Sherman reacted to proposals from NCUA Chairman Kyle Hauptman, who suggested stablecoins could expedite tax refunds and stimulus payments, according to Decrypt.
2 hours ago·Decrypt·Reported by Stephen Graves
Dogecoin and Shiba Inu Decline 9% as Bitcoin Approaches $60,000
Dogecoin and Shiba Inu each fall approximately 9% as Bitcoin nears the $60,000 threshold. This drop occurs amid high selling volumes and significant liquidations across the crypto market, according to CoinDesk.
2 hours ago·CoinDesk·Reported by Shaurya Malwa
U.S. House Tax Committee Evaluates Seven Crypto Tax Bills Ahead of Hearing
The U.S. House Ways and Means Committee is preparing to discuss seven draft bills addressing crypto taxation issues during a hearing on June 9, 2026. The proposals aim to ease tax burdens related to small transactions, mining, and staking, as reported by CoinDesk.
2 hours ago·CoinDesk·Reported by Jesse Hamilton
