BlackRock to Launch Nasdaq 100 Index ETF, Challenging Invesco's Dominance

Odaily Planet Daily News BlackRock said on Tuesday that it will launch an ETF tracking the tech-heavy Nasdaq 100 index, aiming to meet growing investor demand for participation in the AI-driven stock market rally. This "iShares Nasdaq 100 ETF," launched by the world's largest asset manager, will track this flagship U.S. index and begin trading on Thursday.

This announcement comes shortly after Nasdaq revised its listing criteria to accelerate the inclusion of newly listed companies like SpaceX into the index. BlackRock's ETF will compete with Nasdaq 100-related products under Invesco; Invesco has long dominated this space, with its QQQ Trust Series 1 and Nasdaq 100 ETF favored by investors seeking exposure to large-cap growth stocks and tech stocks. Last month, State Street also launched a Nasdaq 100 ETF. (Jin Shi)