IBIT is trading 3% down alongside Bitcoin as renewed U.S.-Iran tensions around the Strait of Hormuz raise oil prices and inflation concerns.
- The global bond selloff adds pressure: Japan’s 10-year yield reached 3% on September 1, 2026, its highest level since 1996; higher yields reduce demand for speculative assets, including crypto.
- U.S. equities lower, reinforcing risk-off tone. Softer JOLTS and manufacturing data may support rate-cut expectations, but geopolitical inflation risks and elevated yields dominate.