JPMorgan analysts report $HYPE ETFs lost momentum after leading non-Bitcoin crypto fund inflows in May and June.
Inflows into Hyperliquid ($HYPE) exchange-traded funds have stalled after a strong start in May and June, according to JPMorgan Chase. The bank attributes the slowdown to cooling demand and heightened competition from both stock and crypto-focused ETFs.
Hyperliquid ETFs previously led non-Bitcoin crypto funds in inflows during May and June, driven by surging interest in its decentralized perpetual futures exchange. The $HYPE token saw significant gains, attracting institutional and corporate buyers.
JPMorgan analysts now highlight challenges as decentralized platforms face competition from regulated centralized exchanges and prediction markets. The bank questions whether Hyperliquid can sustain its market share growth against larger rivals.