Digital asset investment products attracted $1.06 billion in inflows last week, marking the third consecutive week of gains as investors increased allocations to crypto amid geopolitical uncertainty, according to a report from asset manager CoinShares published Monday.

The continued inflows suggest institutional investors are turning to digital assets as portfolio diversifiers during periods of global stress, with Bitcoin in particular benefiting from its perceived role as a macro hedge.

“Significant geopolitical disruption that has reinforced digital assets, particularly Bitcoin, as a relative safe haven compared with other asset classes,” wrote James Butterfill, head of research at CoinShares.

Since the start of the Iran…