SEI's Q2 progress is worth paying attention to. Recently, two major developments have taken place—first is the breakthrough in indexing, with SEI being included in the mainstream coin index basket of a leading trading platform, followed by support from an ETF fund under a well-known asset management company.

What does this mean? It's simple. SEI is no longer just a trading product on an exchange, but has entered the institutional-level benchmark allocation system. Accompanying this is the continuous injection of passive funds—those index funds and passive funds will inevitably allocate SEI proportionally, forming an automated and continuous capital inflow mechanism. For SEI, the visibility among institutional investors has greatly increased, and the market coverage has expanded accordingly. This shift from retail markets to institutional baskets often indicates a more stable long-term capital foundation.