Overview

• More than 2.4 million ETH is queued to exit the network, with estimated processing times around 41–42 days.
• The exit queue is roughly five times larger than the entry queue, raising concerns about near‑term sell pressure.
• Grayscale introduced staking for its U.S. spot ETH ETFs on Oct. 6 and placed about 272,000 ETH into the activation queue.
• Institutional demand continues, with October net ETF inflows reported at $620 million, while over 35.6 million ETH remains staked and more than one million validators stay active.
• Community analysts flag liquidity risks for liquid staking tokens and DeFi during prolonged queues, while Vitalik Buterin argues delayed exits help reinforce network stability.