In the last 2 months I have heard the following at 3 separate events, from 3 different people.
Asset Managers are not investing in crypto because they 1) Do not get it and 2) are run by older people. (I think the inference being that crypto is a young persons game.)
This opinion for me represents one of the clearest delineations between tradfi and defi.
The full post is available at https://www.linkedin.com/posts/ricky-maloney-207ab09_crypto-blockchain-web3-activity-6937825769993744386-wb5P/