Morgan Stanley's ETF Boom, Grayscale's Staking Push, and BitGo's IPO: Into Wall Street's Crypto Race

Summary

This bonus episode of Public Keys recorded at Consensus features three guests discussing the institutional adoption of crypto. Grayscale's Krista Lynch highlights the evolution of crypto ETFs, including index products and in-kind creation. Morgan Stanley's Amy Oldenburg discusses the firm's successful Bitcoin ETF launch and spot crypto trading rollout. BitGo CEO Mike Belshe talks about the company's public listing and the Clarity Act's significance as a legislative stamp of approval.

• Grayscale's GDLC index product captures 90% of digital asset returns.
• In-kind creation allows crypto whales to convert assets into ETF shares.
• Morgan Stanley's MSBT became its most successful ETF launch with $230M in 3.5 weeks.
• Morgan Stanley rolled out spot crypto trading on its E*Trade platform.
• BitGo went public and holds an OCC charter as a reserve bank.
• The Clarity Act is seen as a legislative endorsement for digital assets.
• Traditional financial institutions are now actively building crypto infrastructure.
• The convergence of Wall Street and crypto is accelerating.