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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

$84,113.29

-0.45%

$84,113.29

-0.45%

(24s)

24h Volume

$14,304,384,278.81

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.8%

Funding Rate

+0.0003%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

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▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,020.01

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.0

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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