According to Lookonchain, on June 2, the net outflow from 10 Bitcoin ETFs totaled 7,157 BTC, equivalent to $745.93 million, highlighting significant profit-taking or risk-off behavior among institutional investors. Notably, iShares (Blackrock) alone saw outflows of 4,113 BTC ($428.65 million) but still holds a substantial 660,842 BTC ($68.88 billion). In contrast, 9 Ethereum ETFs recorded a net inflow of 26,572 ETH ($66.64 million), with iShares (Blackrock) leading inflows at 27,241 ETH ($68.32 million). These diverging flows suggest traders are rotating capital from Bitcoin to Ethereum ETFs, likely in response to recent market volatility and regulatory developments. Such large ETF movements can increase short-term price swings and liquidity shifts in the broader cryptocurrency market. Source: Lookonchain