[Sygnum Bank Head of Custody and Staking: Judging ETH Demand by '43-Day Staking Queue' Is Inaccurate, More Due to Mechanism Reasons] According to The Block, Thomas Brunner, Head of Custody and Staking at Sygnum Bank, stated that the current approximately 43-day validator staking queue for Ethereum is not solely a bullish signal. A significant portion of it stems from mechanism changes introduced after the Pectra upgrade, including the increase of the single validator cap to 2048 ETH and support for auto-compounding. These changes have led large institutions to frequently 'top up' existing validators, with each small top-up also needing to enter the same queue.