Ethereum's staking exit queue has risen to 850,000 ETH, a new high for the year. Jiang Zhuoer said the shift is related to an attack on MetaMask infrastructure. The incident involves ETH staking, wallet security and user asset safety, drawing high market attention. Meanwhile, Bitcoin ETFs recorded a single-day net inflow of $120 million, while Ethereum ETFs saw a net outflow of $64.69 million, marking a divergence in fund flows for mainstream crypto asset ETFs. As background, Ethereum rose 70.8% in the third quarter, its strongest quarterly performance since the first quarter of 2021. Staking exits, wallet security, ETF fund flows and quarterly price performance together form important observation points for the current Ethereum market.
Staking exit queue rises to 850,000 ETH
According to the news material, the ETH staking exit queue has risen to 850,000 ETH, a new high for the year. Jiang Zhuoer said this situation is related to the attack on MetaMask infrastructure. This claim links ETH staking exits with wallet infrastructure security risks, extending market focus from on-chain staking data to user asset safety. The material shows the incident involves ETH staking, wallet security and user asset safety, and has drawn high market attention. For the Ethereum staking ecosystem, a rising exit queue means more ETH is in the exit process; if MetaMask infrastructure has security risks, it could affect users' trust in wallets and staking services. The material currently does not provide attack details, scope of impact or loss amount, and relevant circumstances still need to be based on further disclosure.
ETF fund flows diverge
At the institutional fund level, Bitcoin ETFs and Ethereum ETFs moved in opposite directions. Bitcoin ETFs recorded a single-day net inflow of $120 million, while Ethereum ETFs saw a net outflow of $64.69 million. BTC maintaining net inflows while ETH saw net outflows is an important indicator for observing institutional fund preferences and market sentiment. The divergence in Bitcoin and Ethereum ETF fund flows indicates differences in institutional allocations between the two major mainstream crypto assets. For Ethereum, the ETF net outflow occurred alongside the rise in the staking exit queue, so the market is paying more attention to short-term fund flow changes. However, the available material does not indicate a direct causal relationship between the two; it is more a market phenomenon occurring in the same period. Bitcoin ETFs continuing to attract net inflows also reflects that institutional preference for BTC is still continuing.
Strong third-quarter performance provides backdrop
Ethereum rose 70.8% in the third quarter, its strongest quarterly performance since the first quarter of 2021. This performance reflects the return of funds to mainstream crypto assets and changes in the market cycle, and has strong reference value for ETH holders and industry sentiment. A strong quarterly gain usually means increased market attention to the Ethereum ecosystem and ETH assets, but the current staking exit queue hitting a new high for the year, along with MetaMask infrastructure security risks, adds new variables to short-term market sentiment. The material shows that ETH staking, wallet security and user asset safety are the core focuses of this incident, while the divergence in ETF fund flows provides an observation angle at the institutional level. After the strong price performance, whether fund inflows continue and whether staking exits ease will affect the market's judgment on the stability of the Ethereum ecosystem.
What to watch next
Several areas need attention going forward: First, whether the ETH staking exit queue continues to climb and how the exit process affects the staking ecosystem; second, whether the claims about the attack on MetaMask infrastructure are further confirmed and whether user asset safety is materially affected; third, whether the divergence in Bitcoin ETF and Ethereum ETF fund flows continues and whether institutional fund preferences change; fourth, whether market prices and fund flows can remain stable after Ethereum's strong third-quarter performance. The current material does not provide final outcomes for the above events, and the market still needs more on-chain data, project disclosures or institutional fund data. Overall, Ethereum staking exits and wallet security risks have become short-term focal points, while ETF fund flows and quarterly performance form an important backdrop.