# Ethereum Staking Entry Queue Surpasses Exit for First Time in Months
Ethereum's staking entry queue overtakes exit queue for the first time in six months, driven by BitMine's significant institutional activity.
Key Takeaways:
- Ethereum staking entry queue exceeds exit for the first time in months.
- BitMine drove ETH queue change with 768,000 ETH staking.
- Queue dynamics signify potential long-term ETH supply constraints.
Ethereum’s staking entry queue has surpassed the exit queue for the first time in six months, with over 1.18 million ETH queued, driven primarily by institutional activity.
This suggests reduced Ethereum’s circulating supply and potential long-term market effects due to institutional confidence in staking investments.
Ethereum’s staking entry queue
Ethereum’s staking entry queue has surpassed the exit queue after nearly six months. Over 1.18 million ETH is queued to enter staking, mainly led by institutional activity predominantly from BitMine. BitMine has played a pivotal role, staking approximately 768,000 ETH in the past 10 days. Their efforts seek to control a significant portion of Ethereum’s circulating supply, aiming for 5% dominance.The Ethereum PoS staking withdrawal queue has been cleared, and there have not yet been any addresses choosing to redeem staked ETH, with entry queue >1.186M ETH via BitMine.