The SEC approved an initial round of applications last month from several exchanges to trade the products. 

According to data from insurance brokerage firm Golsan Scruggs, premiums have dropped by about half over the past year.

The Tuttle Capital Congressional Trading ETF will base its holdings on the current investments of members of Congress and their families.

PGIM has been present in private credit for decades, but its plan for a major push is coming at a time when some of the industry titans are starting to worry if the boom is coming to an end.