Morgan Stanley’s stock and investment trading platform ETRADE announced it has completed the full launch of spot trading for Bitcoin, Ethereum, and Solana, continuing the May pilot program. Qualified customers can now trade three cryptocurrencies directly on the ETRADE platform through a partnership with Zerohash, with a 0.5% trading fee charged for each transaction. Morgan Stanley Bitcoin ETF net assets are currently $384 million.
ETRADE spot crypto trading fully launches: Zerohash partnership framework and 50 bps trading fees
According to an ETRADE press release, all eligible ETRADE customers can now buy and sell Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly through linked Zerohash accounts on the platform. Morgan Stanley charges 50 bps (0.5%) per trade, applicable to buying, selling, and holding activities within the linked Zerohash accounts.
The full rollout continues the pilot program launched in May 2026. ETRADE also said that the crypto asset transfer feature is expected to go live later this year. Morgan Stanley announced back in 2025 its plan to offer spot crypto trading, and this full launch marks the official implementation of that plan.
Morgan Stanley crypto ETF layout: BTC ETF net assets of $384 million
Morgan Stanley launched a Bitcoin ETF earlier this year. According to SoSoValue data, the fund’s current net assets are $384 million. As reported by CoinGape, after Morgan Stanley filed amended S-1 documents, Ethereum and Solana ETFs are set to be launched; the specific launch timing will depend on SEC approval outcomes and Morgan Stanley’s official announcements.
Morgan Stanley Digital Trust and OCC trust bank applications: current peer approval status
ETRADE announced that its crypto services will transition to Morgan Stanley Digital Trust, with the conversion expected later this year. Morgan Stanley has applied to the OCC to establish a national trust bank for cryptocurrencies. As of the date of reporting, the OCC approval statuses for each institution are as follows:
Circle: Recently received formal OCC approval to launch a national crypto bank
Ripple: Previously received conditional approval from the OCC
BitGo, Fidelity, Paxos: Approved by the OCC (listed in the same batch as Circle under “other approved” institutions)
Coinbase, Crypto.com: Have submitted trust license applications; approval status will be subject to official OCC announcements
Morgan Stanley: Application in progress; the approval result will be subject to official OCC announcements
FAQ
What are the fees and partnership structure for ETRADE spot crypto trading?
According to an ETRADE press release, Morgan Stanley charges 50 bps (0.5%) per crypto trade. Eligible customers execute the buying, selling, and holding of BTC, ETH, and SOL through the linked Zerohash accounts.
What is the current size of Morgan Stanley’s Bitcoin ETF?
According to SoSoValue data, Morgan Stanley’s Bitcoin ETF currently has net assets of $384 million. The S-1 filings for the Ethereum and Solana ETFs have been submitted; the launch timing will depend on SEC approvals and official announcements.
When will ETRADE’s crypto services transition to Morgan Stanley Digital Trust?
ETRADE announced that its crypto services will transition to Morgan Stanley Digital Trust (Morgan Stanley Digital Trust). The specific transition schedule is expected later this year; it will be subject to official announcements from Morgan Stanley and ETRADE.
