Ethereum PoS Network Exit Queue Rises to Approximately 873,000 ETH, Equivalent to Around $3.84 Billion

On August 16th, based on the data from the Validator Queue tracking website validatorqueue, the current exit queue of the Ethereum PoS network is temporarily reported to be 873,682 ETH. With the current price, approximately $38.84 billion worth of ETH is exiting the PoS network. The withdrawal delay is currently reported to be 15 days and 4 hours. The number of active validators has exceeded 1.08 million, and the staked ETH accounts for 29.45% of the total supply, which is approximately 35.4 million ETH. DeFi analyst Ignas stated that the current surge in unbonded ETH mainly comes from three major liquidity staking platforms. Lido leads with 285,000 ETH in the withdrawal queue, followed by EthFi (134,000 ETH) and Coinbase (113,000 ETH). Although the surge in unbonded ETH may indicate large-scale profit-taking, recent Ethereum Treasury corporate and spot ETH ETFs are absorbing most of the selling pressure. Data from strategicethreserve.xyz shows that since May 1st, the total holdings of the Strategic Reserve and ETFs have surged by 140%, increasing from 4.14 million ETH to 10 million ETH, indicating that institutions are accelerating their dominance of Ethereum's circulating supply. Ignas especially emphasized the potential benefits narrative of ETH staking ETFs. He pointed out that some investors may be releasing liquidity to prepare for a future reallocation through staking ETFs, and this "portfolio 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 timeline may be significantly advanced, potentially as early as October 2025.