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US spot Bitcoin ETFs recorded their strongest monthly inflows of 2026 in August as Bitcoin gained about 25%. However, BTC entered September under pressure near $77,000 as traders watched rising oil prices, geopolitical tensions, and upcoming US non-farm payrolls data.
Bitcoin fell to about $76,391 on September 3 before recovering toward $77,240. The move came after the cryptocurrency traded above $80,000 in late August.
US spot Bitcoin ETFs attracted $3.52 billion in net inflows during August, up sharply from $172 million in July. It was the highest monthly inflow total of 2026.
The funds recorded net inflows during 16 of 21 trading sessions. This included nine straight sessions from August 17 through August 27. As a result, year-to-date ETF net outflows fell by about 66%, from $5.29 billion to $1.77 billion.
Meanwhile, total net assets held by spot Bitcoin ETFs climbed to $99.61 billion at the end of August. The figure stood at $76.29 billion at the end of July. Monthly trading volume also rose to $58.63 billion from $39.37 billion.
Bitcoin gained around 25% during August. This marked its strongest monthly performance since November 2024, when BTC rose 37.29%.
The strong August performance did not continue into the opening days of September. US spot Bitcoin ETFs recorded $236.46 million in net outflows on Tuesday after receiving $216.70 million one day earlier.
At the same time, Bitcoin briefly dropped below $77,000. BTC later recovered above $77,200 after touching a low near $76,391 on September 3.
Prateek Gupta, Head of Business at Mudrex, said a move above $78,000 could improve short-term momentum. He identified $76,400 as an important support level.
Crypto analyst Michaël van de Poppe also pointed to higher price levels, although his projection remains uncertain. He said, “The correction is most likely over, meaning that I expect #Bitcoin to continue to run to $82,700.”
His chart placed resistance near $79,300. Bitcoin would need to move above that area before approaching the $82,700 level discussed by the analyst.
Traders are also preparing for the August US non-farm payrolls report. Economists expect the economy to have added about 56,000 jobs after payrolls fell by 23,000 in July. The unemployment rate is expected to remain at 4.1%.
Recent labor data has shown slower hiring. ADP reported that private employers added 38,000 jobs in August, below forecasts. Earlier revisions also reduced May and June payroll figures by a combined 103,000 jobs.
A weaker employment report could reduce expectations for another Federal Reserve rate increase. However, stronger payroll growth could keep concerns about tighter monetary policy in focus ahead of the September 15-16 FOMC meeting.
Bitcoin also faces pressure from higher oil prices and geopolitical tensions. Brent crude traded near $95, while the US 10-year Treasury yield remained close to 4.8%.
Riya Sehgal, Research Analyst at Delta Exchange, said, “The main macro driver remains US-Iran tensions.” She added that higher oil prices and Treasury yields were raising inflation concerns and limiting expectations for aggressive Fed easing.
Meanwhile, Ether and XRP ETFs continued to record positive flows. Ether ETFs reached $732 million in year-to-date net inflows by the end of August, while XRP ETFs climbed to $502 million.
Bitcoin now trades near a key short-term range as investors monitor ETF flows, the US labor report, oil prices and the Federal Reserve’s next policy decision.
Also Read: Crypto Prices Today: Bitcoin Holds Near USD 77,106 as US-Iran Tensions, Jobs Report Cloud Sentiment
