CryptoProwl
Thu, August 6, 2026 astatine 8:32 AM CDT 1 min read
U.S. slope JPMorgan Chase (NYSE: $JPM) says that inflows into Hyperliquid (CRYPTO: $HYPE) exchange-traded funds (ETFs) person crushed to a halt aft surging successful May and June.
Analysts astatine JPMorgan accidental Hyperliquid ETFs are struggling arsenic they look slowing momentum and accrued contention successful the ETF abstraction from funds focused connected some stocks and crypto.
Hyperliquid ETFs led non-Bitcoin crypto funds successful inflows during some May and June of this year, but momentum has faded sharply since then.
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Nikolaos Panigirtzoglou, the pb crypto expert astatine JPMorgan, wrote successful a enactment to clients that "We spot important challenges to the marketplace stock of decentralized platforms specified arsenic Hyperliquid."
Hyperliquid had been 1 of crypto's biggest breakout stories this year, with the HYPE token surging arsenic traders flocked to the decentralized perpetual futures exchange.
The accelerated maturation turned Hyperliquid into 1 of the largest crypto ecosystems extracurricular of Bitcoin, attracting organization capital, firm treasury buyers, and ETF issuers.
But JPMorgan says that cooling request is occurring arsenic decentralized derivatives platforms look mounting contention from regulated centralized exchanges.
Panigirtzoglou adds that Hyperliquid faces intensifying contention from prediction markets, an country Hyperliquid is expanding into arsenic it looks to diversify beyond perpetual futures trading.
The slope added that it is unclear whether Hyperliquid tin proceed gaining marketplace stock from larger rivals specified Bitcoin, arsenic good arsenic Solana (CRYPTO: $SOL) and XRP (CRYPTO: $XRP).
Bitcoin ETFs proceed to predominate the marketplace with astir $77 cardinal U.S. of assets nether management. Hyperliquid ETFs collectively relationship for $2 cardinal U.S. of assets.
The HYPE token was trading much than 3% little astatine $55.30 U.S. aboriginal connected Aug. 6.

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