Bitcoin ETFs such as ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF experienced a 5% increase in pre-market hours on Tuesday, indicating institutional buying. Institutional investors are turning to Bitcoin ETFs in anticipation of a potential rally in BTC price. Despite waiting for the approval of a Bitcoin ETF, institutional investors are optimistic about the future of BTC. The recent two-year deal to raise the debt ceiling by President Joe Biden and Republicans has had a positive impact on Bitcoin and stock markets, potentially leading to a rise in BTC price above $30,000.
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