Wu Shuo learned that Morgan Stanley has 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 initial seed shares of 50,000 shares, with an estimated fundraising of approximately 1 million US dollars; previously disclosed that BNY Mellon and Coinbase will serve as Bitcoin custodian and related functions respectively; this revision indicates that the application has made progress but does not guarantee approval, if approved, Morgan Stanley may become the first large U.S. bank to directly issue a spot Bitcoin ETF.