Cryptocurrency investment products posted heavy outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran.

According to CoinShares’ latest weekly report, digital asset exchange-traded products (ETPs) recorded $1.07 billion in net outflows, ending a six-week streak of inflows. It marked the third-largest weekly outflow this year.

Bitcoin (BTC) investment products accounted for the bulk of the withdrawals, with $982 million in outflows. Ether (ETH) products lost $249 million, their largest outflow since the week ending Jan. 30.

Altcoin funds bucked the broader trend. XRP (XRP) investment products drew in $67.5 million, while Solana (SOL) funds added inflows…