Benzinga7/9/2026Somewhat-Bullish (0.216)
Nasdaq 100 ETF: BlackRock Launches IQQ To Challenge QQQ - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), iShar
BlackRock has launched a new Nasdaq-100 ETF, the iShares Nasdaq 100 ETF (IQQ), intensifying competition with Invesco's QQQ, which has long dominated the market. This move follows Nasdaq's rule revision allowing faster entry for newly listed companies like SpaceX, enhancing the index's appeal. The increasing competition among major asset managers is expected to benefit investors through lower fees, improved liquidity, and a wider array of products for gaining exposure to technology-heavy portfolios.
