Regarding Sharplink CIO Matt Sheffield's point that "13F filings (disclosure of holdings by large asset management firms) are typically submitted within 45 days of the end of each quarter, leading to a lag in market adoption of the data," Joseph Lubin, co-founder of Ethereum, founder of Consensys, and chairman of Sharplink, expressed his agreement in an article on the X platform. He stated, "Recent filings show a clear trend: institutional holdings of @SharpLink stock continue to increase. Even as the stock and crypto markets are adjusting to the current macroeconomic environment, the holdings data still shows increasing institutional confidence. Delayed disclosures make this easily overlooked; another reason is that tokenized stocks will eventually provide clearer, real-time transparency."