I try to avoid updating my iPhone for as long as humanly possible. I find updates generally bring bugs, features I don’t want, apps I don’t want, and sometimes taking away things I like.
I don't think 16.1.1 is unaffected. I'm on iOS 16.1.1 and can reproduce it. Blank address bar -> "old " -> crash. The second time I didn't need the space, as others have also reported.