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

CoinFeed July 7 news, BlackRock said on Tuesday it will launch an ETF tracking the tech-heavy Nasdaq-100 index, aiming to meet investors' growing demand to participate in the AI-driven stock market rally. The "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 comes shortly after Nasdaq modified its inclusion criteria to accelerate the inclusion of newly listed companies like SpaceX. BlackRock's ETF will compete with Invesco's Nasdaq-100 related products; Invesco has long dominated this space, with its QQQ Trust Series 1 and Nasdaq-100 ETF favored by investors looking to invest in large-cap growth and tech stocks.