Ethereum Exit Queue Tops $4B as Staking Withdrawals Spike- Is A Staking ETF Approval Ahead?

The Ethereum validator exit queue has reached closer to 1 million ETH, or $4.0 billion worth of ETH, with staking withdrawals on the rise amid the recent price rally. Over the past few weeks, the validator exits have been on the rise, largely driven by top three liquid staking platforms – Lido, EthFi, and Coinbase. As a result, the ETH price has seen over 10% pullback after facing rejection at $4,800 last week.