Matt Sheffield, Chief Investment Officer of Ethereum treasury company SharpLink, posted on the X platform that asset management companies usually need to submit 13F filings disclosing their holdings to regulators within 45 days after the end of each quarter, so the data is often delayed. Ethereum co-founder Joseph Lubin responded on the X platform acknowledging this view and stated that the disclosure of listed companies increasing their cryptocurrency holdings is indeed delayed. The cryptocurrency market is adjusting to adapt to the current macro environment, for example, institutional investors have been steadily increasing their SharpLink positions, and ownership data also shows that institutional confidence is strengthening.