ETH Spot ETF, DeFi ETF Applications to Follow BTC Spot ETF Approval as Asset Management Seeks Fees: Bernstein

The asset management industry is expected to push beyond bitcoin and ether into areas including other top blockchains, such as Solana and Polygon, and even leading decentralized finance (DeFi) assets, the note said. DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without traditional intermediaries.