The proposed funds would allocate stock dividends to Bitcoin-linked investments, using a dividend reinvestment strategy to build crypto exposure over time.

The proposed rules by US government agencies suggested that stablecoin issuers be subject to customer identification program requirements under the Bank Secrecy Act, the same as regulated financial firms.

The offering follows regulatory approval earlier this year and comes as prediction markets face legal challenges from regulators, exchanges and policymakers around the world.