BlackRock is buying while Ethereum is falling: Should you buy it?

On September 15, BlackRock's spot Ethereum ETF bought 78,920 ETH against a general market decline, worth $363.2 million, which may indicate its strategic increase in holdings. On the same day, ETH price fell from $4,659.53 to $4,513.89, partly due to investors' cautious attitude ahead of the Fed's Sept. 16-17 meeting. Market participants are closely watching potential rate cuts that may support a cryptocurrency rebound, but continued inflation and macroeconomic uncertainty may sustain market volatility.