#ETHETFsApproved
According to data from the validator queue tracking website (validatorqueue), the current exit queue of the Ethereum PoS network temporarily shows 559,412 ETH, valued at approximately $19.31 billion, with a recent peak at 744,000 ETH and an exit waiting time of about 9 days and 17 hours.
Meanwhile, around 123,694 ETH are waiting to join the network, valued at approximately $4.27 billion, with an expected activation delay of about 2 days and 4 hours.
As previously stated, this situation reflects the presence of two opposing forces in the market: on one hand, some stakers may choose to withdraw their earnings after Ethereum's rebound of more than 160% since its low in April, leading to a significant increase in the exit queue; on the other hand, new funds deposited due to regulatory optimism and institutional demand are also driving up the entry queue, with publicly traded companies like SharpLink Gaming and BitMine Immersion increasing their holdings and staking in ETH.
