Morgan Stanley Adds Spot Trading for Bitcoin, Ethereum and Solana on E*TRADE

AI Market Summary
Morgan Stanley's launch of spot BTC/ETH/SOL trading inside E*TRADE broadens mainstream retail access and embeds crypto alongside traditional portfolios, reinforcing institutional distribution for major tokens. While custody/execution sit with Zero Hash and transfers are not yet enabled, the integration signals continued bank-led expansion beyond ETFs into brokerage rails. The 50 bp fee structure clarifies near-term trading frictions but validates demand for regulated access.
Impact level
● High
Affected assets
BTC/USDT-1.66%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Morgan Stanley has brought cryptocurrency trading to its E*TRADE platform, enabling approved eligible customers to buy, sell and hold Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), CoinDesk reported. The rollout places crypto positions alongside traditional holdings such as stocks within the same retail brokerage interface. The bank said the service is offered through a partnership with digital asset infrastructure provider Zero Hash. The crypto is not custodied directly by Morgan Stanley; it is held in affiliated Zero Hash accounts. Morgan Stanley is providing brokerage access and account integration, while execution and custody are handled by external partners. Trading is available for spot transactions only, with no leverage or derivatives. Morgan Stanley set fees at 50 basis points (0.5%). Deposit and withdrawal functionality for crypto transfers is not yet live and is expected to launch later this year. The launch builds on Morgan Stanley's expanding digital-asset push. The firm disclosed in September 2025 that it planned to support BTC, ETH and SOL on E*TRADE via Zero Hash, a plan now implemented. In January, it filed registration documents with the U.S. Securities and Exchange Commission for spot Bitcoin and Solana ETFs, and in April it said it was exploring tokenization, tokenized money market funds and digital-asset tax management tools. The bank later introduced a money market fund aimed at stablecoin issuers for reserve management. The company did not provide details on eligibility requirements or whether access will be rolled out in phases by region.