Ethereum's 3x ETF listing path faces weak Spot ETF demand, while ETH remains above $2,700.
About 1.5 million ETH, worth roughly $4 billion, was waiting to enter Ethereum's staking queue on Monday, Oct. 5, with an estimated wait of 25 days.
Ethereum trades near $2,730 as POAP founder Patricio Worthalter moves 4,000 ETH worth $10.79 million to Gemini.
BlackRock's iShares Ethereum Trust and Fidelity Ethereum Fund accounted for all withdrawals on Oct. 2. Cumulative net flows since launch remained positive at $13.831 billion.
Ethereum's liquidity challenges could lead to increased market volatility, impacting traders' strategies and potentially amplifying price swings. Ethereum surges nearly 70% in Q3, but its order books thin out against Bitcoin.
The exit queue stood at 786,275 ETH. MetaMask Staking is carrying out precautionary validator exits from Lido after a security incident.
Ether waiting to enter staking has fallen by more than a quarter since early September, while the exit queue hit its longest of 2026.
The 25x leveraged position covers 23,734 ETH and has a liquidation price of $2,650.
The broader upward structure remains intact as Ether recovers to about $2,700 after retreating toward the four-hour channel midpoint.
The deposit was valued at about $36.37 million. A sale was not confirmed in the supplied information.
TokenPost's spot-market reading was recorded at 2:21 p.m. ET (18:21 UTC) Oct. 5, after Ether traded at $2,703 15 minutes earlier.
The Ethereum Foundation and Open Anonymity Project have launched zkAPI, a system that lets people prepay for AI and other metered services without attaching their billing identity to every request. Live on Ethereum mainnet since Oct. 1, zkAPI uses zero-knowledge proofs and disposable API keys to separate the person paying from what they're buying.