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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

$63,074.28

-0.08%

$63,074.28

-0.08%

(24s)

24h Volume

$2,493,029,403.05

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

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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