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Morgan Stanley Pilots Crypto Trading on E*Trade With 50 Basis-Point Fee

Bloomberg reported Morgan Stanley is piloting spot crypto trading on E*Trade for a broader rollout this year, alongside Bitcoin ETF access, planned Ether and Solana ETFs, custody, tokenized assets, and tokenized stock trading.

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Fact Check
The Bloomberg article 'Morgan Stanley Debuts Crypto Trading, Undercuts Rivals on Price' directly and specifically confirms every key element of the claim: the E*Trade platform, the 50 basis-point fee, the pilot structure ahead of a broader rollout to 8.6 million clients, and the May 6, 2026 launch date. PANews (citing Cointelegraph) independently corroborates the broader rollout plan for spot crypto on Morgan Stanley's wealth platform. The claim's mention of Bitcoin ETF access, planned Ether and Solana ETFs, custody, tokenized assets, and tokenized stock trading represents additional detail beyond what the fetched Bloomberg summary explicitly confirms, but these are consistent with the broader crypto expansion narrative reported across sources. No conflicting evidence was found.
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Summary

Morgan Stanley is piloting spot crypto trading on E*Trade with a 50 basis-point fee per trade, according to Bloomberg, and the feature is expected to roll out to E*Trade’s 8.6 million clients this year. The move expands the bank’s digital-asset strategy beyond existing investment channels by adding direct cryptocurrency trading on its wealth and brokerage infrastructure. Bloomberg also reported broader initiatives including Bitcoin ETF offerings, planned Ether and Solana ETF products, custody services, tokenized assets, and tokenized stock trading, indicating a wider push across trading, investment products, and blockchain-based market infrastructure. No further operational details, such as launch timing beyond this year, supported cryptocurrencies, or jurisdictions, were provided in the source topics.

Terms & Concepts
  • spot crypto trading: The direct buying and selling of cryptocurrencies for immediate settlement at the current market price.
  • Basis point: A unit equal to 0.01 percentage points. A 50 basis-point fee means a 0.50% charge per trade.
  • Custody: Safekeeping and administration of client assets, a key service for institutions and brokerages handling digital assets.