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Ethereum unstaking surges, institutions accelerate layout of ETH stake ETF
[Block Rhythm] On August 16, according to data from the validator queue tracking website, the current exit queue for the Ethereum PoS network is reported at 873,682 coins. At the current price, the ETH exiting the PoS network is approximately 3.884 billion dollars, with a withdrawal latency currently reported at 15 days and 4 hours. The number of active validators has surpassed 1.08 million, and the staked ETH accounts for 29.45% of the total supply, approximately 35.4 million ETH.
DeFi analyst Ignas stated that the current surge in unstaking ETH mainly comes from three major liquidity staking platforms: a certain platform has the highest pending withdrawal amount with 285,000 ETH, followed by EthFi (134,000 ETH) and a certain trading platform (113,000 ETH). Although the surge in pending unstaked ETH may indicate a large-scale profit-taking, recent Ethereum treasury enterprises and spot ETH ETFs are digesting most of the selling pressure.
According to data from the data platform, since May 1, the total amount of strategic reserves and ETF holdings has soared by 140%, rising from 4.14 million ETH to 10 million ETH, indicating that institutions are accelerating their monopoly on the circulating supply of Ethereum.
Ignas particularly emphasized the potential positive narrative of ETH staking ETFs. He pointed out that some investors may be releasing liquidity in preparation for future reallocation through staking ETFs, and this "position rotation" strategy will not lead to a complete withdrawal of funds from the ETH market. Although the SEC's final approval deadline is set for April 2026, Bloomberg ETF analyst Seyffart believes that the approval time could be significantly advanced, possibly as early as October 2025.