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

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

This move 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 Invesco's Nasdaq 100-related products; Invesco has long dominated this field, with its QQQ Trust Series 1 and Nasdaq 100 ETF being favored by investors looking to invest in large-cap growth stocks and tech stocks. Last month, State Street also launched a Nasdaq 100 ETF. (Jin Shi)