Market Round Up: May 11 2026

Chang.K·May 10, 2026·3 min read

Weekly crypto recap covering Morgan Stanley's E*Trade launch, BNY Mellon's Abu Dhabi custody, Progmat's $2B Avalanche migration, and the incoming Fed Chair's crypto ties.

Wall Street's crypto push deepens with major custody, trading, and leadership moves shaping this week's headlines.

↳ Morgan Stanley launched spot crypto trading on ETrade at a flat 0.5% fee for BTC, ETH, and SOL, undercutting Coinbase and Robinhood. All 8.6M ETrade clients expected by year-end.

↳ BNY Mellon, the world's largest custodian with $55T+ in assets, launched institutional crypto custody in Abu Dhabi for Bitcoin and Ethereum with plans to expand into stablecoins and tokenization.

↳ Japan's Progmat began migrating over $2B in tokenized real estate and corporate bonds to Avalanche, the largest institutional RWA deployment on a public blockchain.

↳ Kevin Warsh's Fed Chair confirmation vote approaches with disclosed investments in Bitwise, Compound, and SOL, signaling a crypto-aware Federal Reserve leadership.