Parr BTCETF Daily Commentary – October 27 1. Data Overview: On Monday, the BTC ETF saw a net inflow of +110.34 million, but this was entirely driven by IBIT; the other 11 ETFs saw zero inflows. 2. Data Analysis: 1) BlackRock intervened again in the 80-81.5 institutional cost zone, attracting over 100 million in a single day, ending two consecutive days of net outflows. 2) The massive sell-off of FBTC/ARKB last Thursday and Friday resulted in zero inflows on Monday, indicating a high probability of a phased clearing of short-term momentum floating capital released last week due to the shock of US stock earnings reports and high oil prices. 3) On the same day, the ETH ETF saw an outflow of approximately -88.58 million, SOL -8.23 million, and XRP -3.61 million, totaling approximately -100 million; money is withdrawing from altcoins and flowing into BTC (especially IBIT). 4) October's cumulative total is still a step away: As of October 26th, it was approximately -0.92 billion, less than 1 billion away from turning positive for the whole month; IBIT has accumulated approximately +9.38 billion this month. However, capital inflow ≠ an immediate surge. Structurally, it still depends on whether key levels are rejected or held.