diff --git a/src/coreclr/jit/lowerarmarch.cpp b/src/coreclr/jit/lowerarmarch.cpp
index a74bb3651c88f9..6b96564af8668b 100644
--- a/src/coreclr/jit/lowerarmarch.cpp
+++ b/src/coreclr/jit/lowerarmarch.cpp
@@ -4050,47 +4050,49 @@ GenTree* Lowering::LowerHWIntrinsicCndSel(GenTreeHWIntrinsic* cndSelNode)
         GenTree*            nestedOp1    = nestedCndSel->Op(1);
         GenTree*            nestedOp2    = nestedCndSel->Op(2);
         assert(varTypeIsMask(nestedOp1));
-        assert(nestedOp2->OperIsHWIntrinsic());
 
-        NamedIntrinsic nestedOp2Id = nestedOp2->AsHWIntrinsic()->GetHWIntrinsicId();
-
-        // If the nested op uses Pg/Z, then inactive lanes will result in zeros, so can only transform if
-        // op3 is all zeros. Such a Csel operation is absorbed into the instruction when emitted. Skip this optimisation
-        // when the nestedOp is a reduce operation.
-
-        if (nestedOp1->IsMaskAllBitsSet() && !HWIntrinsicInfo::IsReduceOperation(nestedOp2Id) &&
-            (!HWIntrinsicInfo::IsZeroingMaskedOperation(nestedOp2Id) || op3->IsVectorZero()))
+        if (nestedOp2->OperIsHWIntrinsic())
         {
-            GenTree* nestedOp2 = nestedCndSel->Op(2);
-            GenTree* nestedOp3 = nestedCndSel->Op(3);
+            NamedIntrinsic nestedOp2Id = nestedOp2->AsHWIntrinsic()->GetHWIntrinsicId();
 
-            JITDUMP("lowering nested ConditionalSelect HWIntrinisic (before):\n");
-            DISPTREERANGE(BlockRange(), cndSelNode);
-            JITDUMP("\n");
+            // If the nested op uses Pg/Z, then inactive lanes will result in zeros, so can only transform if
+            // op3 is all zeros. Such a Csel operation is absorbed into the instruction when emitted. Skip this
+            // optimisation when the nestedOp is a reduce operation.
 
-            // Transform:
-            //
-            // CndSel(mask, CndSel(AllTrue, embeddedMask(trueValOp2), trueValOp3), op3) to
-            // CndSel(mask, embedded(trueValOp2), op3)
-            //
-            cndSelNode->Op(2) = nestedCndSel->Op(2);
-            if (nestedOp3->IsMaskZero())
-            {
-                BlockRange().Remove(nestedOp3);
-            }
-            else
+            if (nestedOp1->IsMaskAllBitsSet() && !HWIntrinsicInfo::IsReduceOperation(nestedOp2Id) &&
+                (!HWIntrinsicInfo::IsZeroingMaskedOperation(nestedOp2Id) || op3->IsVectorZero()))
             {
-                nestedOp3->SetUnusedValue();
-            }
+                GenTree* nestedOp2 = nestedCndSel->Op(2);
+                GenTree* nestedOp3 = nestedCndSel->Op(3);
+
+                JITDUMP("lowering nested ConditionalSelect HWIntrinisic (before):\n");
+                DISPTREERANGE(BlockRange(), cndSelNode);
+                JITDUMP("\n");
+
+                // Transform:
+                //
+                // CndSel(mask, CndSel(AllTrue, embeddedMask(trueValOp2), trueValOp3), op3) to
+                // CndSel(mask, embedded(trueValOp2), op3)
+                //
+                cndSelNode->Op(2) = nestedCndSel->Op(2);
+                if (nestedOp3->IsMaskZero())
+                {
+                    BlockRange().Remove(nestedOp3);
+                }
+                else
+                {
+                    nestedOp3->SetUnusedValue();
+                }
 
-            BlockRange().Remove(nestedOp1);
-            BlockRange().Remove(nestedCndSel);
+                BlockRange().Remove(nestedOp1);
+                BlockRange().Remove(nestedCndSel);
 
-            JITDUMP("lowering nested ConditionalSelect HWIntrinisic (after):\n");
-            DISPTREERANGE(BlockRange(), cndSelNode);
-            JITDUMP("\n");
+                JITDUMP("lowering nested ConditionalSelect HWIntrinisic (after):\n");
+                DISPTREERANGE(BlockRange(), cndSelNode);
+                JITDUMP("\n");
 
-            return cndSelNode;
+                return cndSelNode;
+            }
         }
     }
     else if (op1->IsMaskAllBitsSet())
diff --git a/src/tests/JIT/Regression/JitBlue/Runtime_106869/Runtime_106869.cs b/src/tests/JIT/Regression/JitBlue/Runtime_106869/Runtime_106869.cs
new file mode 100644
index 00000000000000..b4b9856c795950
--- /dev/null
+++ b/src/tests/JIT/Regression/JitBlue/Runtime_106869/Runtime_106869.cs
@@ -0,0 +1,59 @@
+// Licensed to the .NET Foundation under one or more agreements.
+// The .NET Foundation licenses this file to you under the MIT license.
+
+using Xunit;
+using System.Runtime.CompilerServices;
+
+// Generated by Fuzzlyn v2.3 on 2024-08-23 10:25:51
+// Run on Arm64 Windows
+// Seed: 13938901376337307772-vectort,vector64,vector128,armsve
+// Reduced from 210.5 KiB to 1.1 KiB in 00:02:19
+// Hits JIT assert in Release:
+// Assertion failed 'nestedOp2->OperIsHWIntrinsic()' in 'Program:Main(Fuzzlyn.ExecutionServer.IRuntime)' during 'Lowering nodeinfo' (IL size 119; hash 0xade6b36b; FullOpts)
+//
+//     File: C:\dev\dotnet\runtime2\src\coreclr\jit\lowerarmarch.cpp Line: 4062
+//
+using System;
+using System.Numerics;
+using System.Runtime.Intrinsics;
+using System.Runtime.Intrinsics.Arm;
+
+public struct S0
+{
+    public ulong F5;
+}
+
+public class C0
+{
+    public int F1;
+}
+
+public class Runtime_1068867
+{
+    public static S0 s_7;
+    public static byte s_14;
+
+    [Fact]
+    public static void TestEntryPoint()
+    {
+        if (Sve.IsSupported)
+        {
+            var vr12 = new C0();
+            var vr14 = vr12.F1;
+            var vr15 = Vector128.CreateScalar(vr14).AsVector();
+            var vr16 = Vector128.CreateScalar(0).AsVector();
+            var vr17 = Vector128.CreateScalar(0).AsVector();
+            var vr18 = Vector128.CreateScalar(0).AsVector();
+            var vr19 = Vector128.CreateScalar(1).AsVector();
+            var vr20 = Sve.ConditionalSelect(vr17, vr18, vr19);
+            var vr21 = Vector128.CreateScalar(0).AsVector();
+            var vr22 = Sve.ConditionalSelect(vr16, vr20, vr21);
+            Consume(vr22);
+        }
+    }
+
+    [MethodImpl(MethodImplOptions.NoInlining)]
+    static void Consume<T>(T val)
+    {
+    }
+}
diff --git a/src/tests/JIT/Regression/JitBlue/Runtime_106869/Runtime_106869.csproj b/src/tests/JIT/Regression/JitBlue/Runtime_106869/Runtime_106869.csproj
new file mode 100644
index 00000000000000..1352ebe3277bc7
--- /dev/null
+++ b/src/tests/JIT/Regression/JitBlue/Runtime_106869/Runtime_106869.csproj
@@ -0,0 +1,9 @@
+<Project Sdk="Microsoft.NET.Sdk">
+  <PropertyGroup>
+    <Optimize>True</Optimize>
+    <NoWarn>$(NoWarn),SYSLIB5003</NoWarn>
+  </PropertyGroup>
+  <ItemGroup>
+    <Compile Include="$(MSBuildProjectName).cs" />
+  </ItemGroup>
+</Project>