Bitcoin holds firm as ETFs attract strong inflows

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Bitcoin holds firm as ETFs attract strong inflows

Economies.com
2026-09-07 16:08 UTC

Bitcoin (BTC) was trading near $79,500 at the time of writing on Monday, holding firm near recent highs after gaining more than 3.4% over the past week.

Strong institutional demand continues to support Bitcoin, with US-listed spot Bitcoin exchange-traded funds recording nearly $1 billion in net inflows for a third consecutive week.

However, escalating geopolitical tensions between the United States and Iran, combined with the resilience of the US labor market, are keeping expectations for tighter Federal Reserve monetary policy elevated, which could weigh on Bitcoin.

Nearly $1 billion in weekly inflows

Institutional demand for Bitcoin remained strong over the past week.

Data from SoSoValue showed that spot Bitcoin ETFs recorded weekly net inflows of $986.85 million last week, marking a third consecutive week of substantial inflows.

If these inflows persist and gather momentum, they could provide further support for Bitcoin’s gains in the period ahead.

Higher oil prices and strong US jobs data limit Bitcoin gains

Market sentiment remains cautious amid escalating tensions between the United States and Iran over the confrontation in the Strait of Hormuz.

In the latest developments, US forces targeted three Iranian oil tankers on Saturday, while Iran’s Islamic Revolutionary Guard Corps said it targeted six vessels in retaliation.

The exchange of attacks has heightened concerns over the security of shipping through the strategic waterway and fueled fears of prolonged disruptions to Middle Eastern supplies, supporting oil prices and adding to inflation concerns.

Adding to those concerns, the latest US nonfarm payrolls report released on Friday showed that the labor market remains resilient.

The US economy added 162,000 jobs in August, far exceeding market expectations for an increase of 56,000. Other details showed that the unemployment rate remained steady at 4.1%, in line with expectations, while annual wage inflation, as measured by the change in average hourly earnings, eased to 3.1% from 3.2%.

Higher energy prices and a stronger-than-expected labor market are adding to inflation risks and keeping expectations for tighter Federal Reserve monetary policy elevated, potentially weighing on risk assets such as Bitcoin.

Oil extends gains after US and Iran target vessels in Strait of Hormuz

Economies.com
2026-09-07 13:04 UTC

Oil prices extended gains on Monday as concerns mounted over persistent supply disruptions from the Middle East after the United States and Iran exchanged strikes targeting vessels sailing through the Strait of Hormuz and other areas.

Gold under pressure as US rate-hike expectations rise

Economies.com
2026-09-07 09:20 UTC

Gold prices fell in European trading on Monday, extending losses for a second consecutive day after strong US employment data increased expectations for a US interest rate hike in September.

Source: www.economies.com