TechFlame News: According to Barron's, Morgan Stanley's wealth management division has partnered with Galaxy Digital, allowing high-net-worth clients holding Bitcoin, Ethereum, or Solana to convert their direct holdings into spot crypto ETFs. The converted ETFs can be used as securities collateral for financing, with a minimum transaction threshold of $5 million. In July 2025, the SEC approved an in-kind conversion mechanism between direct crypto asset holdings and spot crypto ETFs, laying the regulatory foundation for this partnership.