S3 buckets are not residing in VPCs?

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When we create an EC2 instance we can specify a specific VPC and a subnet of it. But when we create a S3 bucket, we only have the option to select a specific region only. Does this mean that the S3 buckets we create are residing in the default VPC of that Region? Or am I interpreting wrong about how S3 buckets work? If so how does creating an EC2 instance and Creating a S3 bucket change in respect to VPC?

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