Queue to stake Ethereum grows to 3.4M ETH

The entry queue for new Ethereum validators now holds 3.4 million ETH, with an estimated waiting period of around 60 days, Decrypt reported, citing data from ValidatorQueue. The queue has grown sharply from approximately 900,000 ETH in early January, with the increase following a drop in ETH's price. Pav Hundal, a lead analyst at Swyftx, said the surge is a clear signal that a new wave of long-term investors is choosing to pursue potential yields. The outlet noted that the trend has completely reversed from the second half of last year, when 2.7 million ETH were in the exit queue, indicating that institutions are opting to stake their holdings rather than sell.