BlackRock Plans to Launch Nasdaq 100 ETF, Challenging Invesco’s Monopoly

```htmlGolden Ten Data reported on April 6 that BlackRock is eyeing a segment of the $13.7 trillion US ETF market that has long been dominated by Invesco: tracking the Nasdaq 100 Index. According to documents filed with the US Securities and Exchange Commission (SEC) on Monday, iShares Nasdaq 100 ETF will track this index, with the trading code IQQ. If launched, IQQ will become one of the few US-listed ETFs that exclusively track the Nasdaq 100 Index and the first such product not managed by Invesco. Since the Nasdaq exchange introduced this index in 1985, it has maintained a cautious approach to licensing its use. Although there are ETF products in the US market that replicate Nasdaq 100 components through derivatives, Invesco has almost monopolized the market for pure Nasdaq 100 Index ETFs. This collaboration has given rise to the Invesco QQQ Trust Series 1 (ticker: QQQ) with assets totaling $374 billion, making it one of the largest ETFs in the world, as well as the Invesco Nasdaq 100 ETF (QQQM) with assets of $70 billion.```