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Morgan Stanley Partners with Galaxy to Expand Access to Crypto Lending

Morgan Stanley is expanding its crypto asset offerings by allowing qualifying clients to borrow against holdings tied to Bitcoin exchange-traded products (ETPs). The new arrangement permits eligible investors to access loans worth up to half the value of their Bitcoin-linked ETP positions.

The efforts that major financial institutions like Morgan Stanley are taking to incorporate crypto products into their operations and services are a welcome development for many blockchain companies like Bit Digital Inc. (NASDAQ: BTBT) because they show that cryptos are expanding their penetration of the…

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