J.P. Morgan analyzed that the emergence of regulated cryptocurrency perpetual futures trading platforms in the U.S. could put pressure on Hyperliquid's (HYPE) market share. In a recent report, J.P. Morgan stated, "Liquidity is currently shifting to U.S. regulated platforms, and numerous competing platforms are also emerging. Hyperliquid expanded its scope by launching the prediction market product 'Outcomes' last May, but competition in that sector is also fierce." It added, "The net inflow into HYPE spot ETFs, which showed positive trends in May-June, has also stagnated in July-August. Future market share maintenance and ETF fund inflows will also determine HYPE's price."
