Wu Shuo learned that Morgan Stanley submitted a second revised S-1 filing to the U.S. Securities and Exchange Commission for a bitcoin ETF application, confirming that Morgan Stanley Bitcoin Trust will be listed on NYSE Arca under the ticker "MSBT", and disclosed that each basket size is 10,000 shares with an initial seed allocation of 50,000 shares, with expected fundraising of approximately 1 million dollars; it was previously disclosed that BNY Mellon and Coinbase will serve as bitcoin custodian and related functions respectively; the revision indicates the application has made progress but does not guarantee approval, if approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot bitcoin ETF.