Bitmine Buys $52M ETH as ETH ETF Outflows Hit 15 Days

Ethereum trades near $2,024 as Bitmine purchased another 26,497 ETH on June 2, expanding its treasury above 5.4 million ETH. The move comes as U.S. spot ETH ETFs extended outflows to 15 consecutive days with an additional $44 million withdrawn on June 1, bringing the two-week total near $752 million and prompting rotation into XRP and Solana. Corporate and whale accumulation has accelerated throughout the period, with large wallets reaching a nine-week high of 17.41 million ETH even as treasury firms increasingly rely on staking income to offset ETF-driven valuation pressure.