Wall Street's major financial players, CME Group and Intercontinental Exchange (ICE), have entered the GPU futures market, marking a significant step in the financialization of AI computing power. ICE, in collaboration with Ornn, plans to launch GPU futures contracts based on the Ornn Computing Power Price Index, covering a range of GPUs from enterprise-grade to consumer models. Meanwhile, CME has partnered with Silicon Data to introduce hash rate futures anchored to the H100 Rental Index, offering cash-settled contracts to hedge against price volatility. This move by Wall Street giants highlights the growing importance of computing power as a strategic asset, akin to traditional commodities like oil and gas. The financialization of GPU power aims to address the challenges of price volatility and supply-demand imbalances in the AI sector. However, the nascent market faces potential risks, including price manipulation and increased volatility due to leveraged trading. As regulatory approvals are awaited, crypto markets have already begun exploring similar futures products, potentially integrating traditional finance with decentralized finance innovations.