Yesterday, the data on Ethereum Spot ETF was quite interesting—there was a net outflow of nearly 80 million USD in a single day, with Grayscale being the most aggressive in withdrawing. On the surface, it seems that traditional capital is hesitant about mainstream tokens, but in reality, the money hasn't disappeared; it has just found a more imaginative destination.

The truly smart money has begun to bet on the underlying track of AI computing power. Computing power is becoming the "digital oil" of the new era, and how to financialize it and allow more people to participate in sharing the cake is the key.

The GAIB project is quite typical. While everyone is still focused on the ETF inflows and outflows, they raised over 25 million dollars in less than a year, and even more impressively—directly invested over 50 million dollars in building AI computing centers in Thailand and Singapore. They are investing real money in hardware, not just making empty promises on PPT.

Their approach is actually quite straightforward: they package physical GPU clusters into a digital asset called AID. Holding AID is equivalent to owning shares of these "AI mines," allowing you to proportionately share in the cash flow profits. Currently, the annualized return is about 16%, which is not the kind of empty digital game found in DeFi; behind it is real income from computing power leasing—AI companies need to rent GPUs to train models, and the rental fees are the source of profits.

The market is diversifying. On one side is the stock game of traditional digital assets, and on the other side are the incremental opportunities of AI infrastructure. While the ETF is still fluctuating with tens of millions flowing out, some are already building the "power plants" of the next generation digital economy. The certainty in this direction may be stronger than just watching the candlestick charts.