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via CryptoSlate · By CryptoSlate Editorial

Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral

BTC

BTC/USDT

$79,725.54

+0.43%

$79,725.54

+0.43%

(24s)

24h Volume

$8,704,215,776.73

24h H/L

$79,877.07 / $78,660.00

Change: $1,217.07 (1.55%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

-0.0006%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,731.35

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,731.35

Support 1$79,635.96

Support 2$76,173.66

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

CryptoSlate Editorial

(07:04 AM UTC)

1 min read

Approved byEmily Watson

0 comments

Morgan Stanley announced on June 5 that eligible wealth management clients can now lend Bitcoin, Ethereum, or Solana to Galaxy Digital and receive shares of spot crypto exchange-traded products in return.

Galaxy will coordinate an in-kind creation with an authorized participant, then deliver ETP shares directly into the client's chosen account. Onboarding timelines that previously exceeded 4 weeks…

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