Crypto investment products saw $1.07 billion in outflows as tensions over Iran fueled risk-off sentiment. Bitcoin and Ether led withdrawals, while XRP and Solana gained.

Crypto funds ended a six-week inflow streak as Iran-linked geopolitical risk weighed on bitcoin amid major U.S. withdrawals.

Bitcoin ETFs bore the brunt of a geopolitically driven sell-off, CoinShares said, though altcoin funds largely held their ground.