BBX News: Morgan Stanley partnered with Galaxy Digital on June 5th to launch a cryptocurrency position conversion to spot ETP service (including MSBT). Bitdeer sold all 205.3 BTC produced last week, maintaining zero BTC holdings.
Core points:
——Morgan Stanley (NYSE: MS)/Galaxy Digital (NASDAQ: GLXY): Joint Announcement Recommended Collaboration on June 5th; High net worth clients lend BTC/ETH/SOL in exchange for spot ETP shares (including MSBT), which can be used as collateral financing; Threshold of $25 million → $5 million, with a 75% reduction in entry time; Based on SEC's physical conversion approval in July 2025; MSBT's first month AUM was $239.6 million.
——Bitdeer (NASDAQ: BTDR): As of the week ending June 5th, all 205.3 BTC were sold, resulting in a net increase of 0 BTC and maintaining zero BTC holdings; The 'output is sold' strategy avoids the risk of price decline, and BTC is currently around $60749.
Source: bbx.com