Analyst: Ethereum pledge ETH is expected to be advanced to October

PANews reported on September 20 that the Ethereum (ETH) staking entry queue fell to its lowest level in four weeks, and the market is worried about a surge in exit queues that may trigger a large-scale sell-off. The market has found that the continued increase and buying of Ethereum treasury and spot ETH ETFs are absorbing selling pressure, and most of these institutions have or are planning to pledge assets for additional gains, which may drive the increase in the staking entry queue in the coming weeks. Another positive expectation is the potential launch of ETH staking ETFs, which means that some investors may release liquidity and re-enter relevant products in the future to adjust market exposure rather than exit the ETH market altogether. The final deadline for the Securities and Exchange Commission (SEC) approval is expected to be advanced to October 2025, according to analyst Axel Bitblaze, who added: "The next deadline for BlackRock's ETH staking approval is in October, and I think the approval is likely to happen."