Morgan Stanley, Galaxy Launch Crypto-to-ETF Service With $5 Million Minimum
Morgan Stanley and Galaxy Digital are partnering to help high-net-worth clients directly exchange on-chain assets such as Bitcoin, Ether and Solana for shares in spot crypto ETFs. The service eliminates the need to sell crypto before buying an ETF and reduces the risk of immediately triggering capital gains tax, making the assets easier to incorporate into traditional brokerage accounts and financing arrangements.
As of July 20, 2026, the companies' crypto-to-ETF service has lowered the minimum asset threshold to $5 million, making an in-kind subscription mechanism previously available only to large institutions more accessible to high-net-worth clients. Customers can deliver BTC, ETH or SOL in kind to Galaxy, receive corresponding spot crypto ETF shares and transfer them into Morgan Stanley accounts.
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The history behind this eventMorgan Stanley Launches Low-Fee Ether, Solana ETPs With Staking
The debut comes roughly two and a half years after the first U.S. spot bitcoin ETFs began trading in January 2024, turning digital assets into a mainstream product battleground for Wall Street. Morgan Stanley Investment Management is extending that playbook to ether and SOL, whose proof-of-stake networks can generate rewards alongside price exposure. Packaging both assets in exchange-traded trusts gives brokerage investors access without directly holding tokens, while pressuring established issuers to cut fees and share staking income.
Morgan Stanley launched the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) on July 28, 2026, each with a 0.14% expense ratio. The funds plan to stake portions of their ETH and SOL holdings, with an anticipated 95% of rewards passed to shareholders and none retained by MSIM itself. The expansion follows the Morgan Stanley Bitcoin Trust (MSBT), launched on April 8; it had more than $381 million under management as of July 16.
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