AI Compute Financialization Expands Beyond DePIN Tokens

Defiance’s AIMG ETF provides exposure across accelerators, custom silicon, foundries, memory, networking and photonics, while Bitget Compute Perpetuals add leveraged H100/B200 price exposure. Bittensor’s TAO-based subnet markets add another incentive-financialization layer, but benchmark methodology, liquidity, collateral, default risk and links to real rental utilization remain unresolved.