BlackRock (BLK) Launches Low-Cost IQQ ETF to Challenge Invesco’s QQQ Dominance
The post BlackRock (BLK) Launches Low-Cost IQQ ETF to Challenge Invesco’s QQQ Dominance appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock debuts iShares Nasdaq 100 ETF (IQQ) on Thursday, July 9 The fund features a 0.10% expense ratio after fee waiver (through July 31, 2027), significantly below competitors Invesco’s dominant QQQ and QQQM funds hold over $500 billion combined, with fees at 0.18% and 0.15% respectively State Street’s QNDX also recently entered the Nasdaq-100 ETF arena BLK stock declined 0.4% in premarket session following the announcement; SpaceX (SPCX) recently became a Nasdaq-100 component BlackRock is making a bold move into one of Wall Street’s most lucrative ETF battlegrounds. The asset management titan will debut its iShares Nasdaq 100 ETF trading as IQQ on Thursday, July 9, mounting a direct challenge to Invesco’s decades-long dominance in Nasdaq-100 tracking funds. THERE WILL BE BLOOD: BlackRock and Stare Street have launched Nasdaq 100 ETFs. $IQQ and