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

BlockBeats News, July 7th - BlackRock announced on Tuesday that it will launch an ETF tracking the Nasdaq 100 index, which is dominated by technology stocks, aiming to meet the growing demand from investors to participate in the AI-driven stock market rally. The "iShares Nasdaq 100 ETF," introduced by the world's largest asset management company, will track this U.S. flagship index and begin trading on Thursday. Earlier, Nasdaq revised its inclusion criteria to expedite the process of adding new listings such as SpaceX to 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 popular among investors looking to invest in large-cap growth and tech stocks. Last month, State Street Bank also launched a Nasdaq 100 ETF. (Jinse)