Financialization of AI Compute: Futures, ETFs, and Institutional Capital

CME compute futures launching Oct 5; Kalshi launches compute markets; Defiance launched AINF ETF. Nvidia's $500B financing deal with Apollo/Blackstone cements GPUs as loan collateral. Jim Chanos warns neoclouds are financial conduits. Broadcom competing with $100B AI financing. Rumble's affiliate $13.7B GPU deal further illustrates institutional capital flowing into compute as an asset class.