SGOn July 7, BlackRock announced plans to launch the iShares Nasdaq 100 ETF, aiming to capitalize on growing investor interest in AI-related stocks. The ETF will begin trading soon, competing with Invesco’s existing Nasdaq-100 offerings like the QQQ Trust Series 1 and Nasdaq 100 ETF. This follows recent changes to the Nasdaq’s inclusion criteria, which now allows faster entry for new companies like SpaceX. BlackRock’s ETF will start with an initial net asset value (NAV) of $24 per share, significantly lower than Invesco’s NAVs of $722.45 and $297.45. The move comes amid strong demand for large-cap and tech-focused stocks, contributing to the Nasdaq 100’s best quarterly performance since April 2020. BlackRock already manages over $41 billion in assets through similar Nasdaq 100 strategies.
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