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<p>Morgan Stanley clients who own $BTC, $ETH, or $SOL can now swap their tokens for ETP shares (tax free) via Galaxy.

Galaxy charges 15 to 25 bps on each conversion.

Morgan Stanley takes nothing, since it refers clients on an unsolicited basis with no endorsement attached.

At that fee and that minimum, this deal on its own won't move Galaxy's revenue line.

But each new wirehouse, asset manager, or payments network that routes crypto work to Galaxy adds momentum to the same thesis... 👇</p>

Morgan Stanley clients who own $BTC, $ETH, or $SOL can now swap their tokens for ETP shares (tax free) via Galaxy.
Galaxy charges 15 to 25 bps on each conversion.
Morgan Stanley takes nothing, since it refers clients on an unsolicited basis with no endorsement attached.
At that fee and that minimum, this deal on its own won't move Galaxy's revenue line.
But each new wirehouse, asset manager, or payments network that routes crypto work to Galaxy adds momentum to the same thesis... 👇

Morgan Stanley clients who own $BTC, $ETH, or $SOL can now swap their tokens for ETP shares (tax free) via Galaxy. Galaxy charges 15 to 25 bps on each conversion. Morgan Stanley takes nothing, since it refers clients on an unsolicited basis with no endorsement attached. At that fee and that minimum, this deal on its own won't move Galaxy's revenue line. But each new wirehouse, asset manager, or payments network that routes crypto work to Galaxy adds momentum to the same thesis... 👇

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