diff --git a/CHANGELOG.md b/CHANGELOG.md
index 98da596e4a4..1bd3230f5c6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2098,6 +2098,7 @@ If there are any bugs, improvements, optimizations or any new feature proposal f
 #### web3-eth
 
 -   Ensure provider.supportsSubscriptions exists before watching by subscription (#6440)
+-   Fixed `withdrawalsSchema.address` property type `bytes32` to `address` (#6470)
 
 ### Changed
 
diff --git a/packages/web3-eth/src/schemas.ts b/packages/web3-eth/src/schemas.ts
index 3a25068f049..89e23459fac 100644
--- a/packages/web3-eth/src/schemas.ts
+++ b/packages/web3-eth/src/schemas.ts
@@ -331,7 +331,7 @@ export const withdrawalsSchema = {
 			format: 'uint',
 		},
 		address: {
-			format: 'bytes32',
+			format: 'address',
 		},
 		amount: {
 			format: 'uint',