The post BlackRock Files to Launch Nasdaq-100 ETF appeared first on Coinpedia Fintech News
BlackRock has filed with the SEC to launch the iShares Nasdaq-100 ETF, ticker IQQ, designed to track the 100 largest non-financial companies listed on Nasdaq, dominated by tech leaders. The move directly challenges Invesco’s QQQ and QQQM, which together manage nearly $446 billion in assets. Analysts predict BlackRock could ignite a fee war, with costs potentially dropping to 0.12 percent. The launch aims to enhance liquidity and reduce investor costs in the $13.7 trillion U.S. ETF market while leveraging the Nasdaq-100’s long-term outperformance over the S&P 500.
