BlackRock seeks SEC approval for new iShares Nasdaq-100 ETF

BlackRock seeks SEC approval for new iShares Nasdaq-100 ETF

BlackRock has filed for an exchange-traded fund that may monitor the Nasdaq-100, in a problem to Invesco’s dominance in a market the place solely a handful of funds instantly comply with the tech-heavy index.

The world’s largest asset supervisor is looking for approval for iShares Nasdaq-100 ETF, which is able to commerce beneath the ticker “IQQ,” it mentioned in a submitting with the Securities and Exchange Commission on Monday.

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Fees for the fund weren’t specified.

BlackRock CEO Larry Fink

BlackRock CEO Larry Fink visits “Special Report” with Bret Baier at FOX News D.C. Bureau on March 10, 2026, in Washington, D.C. (Paul Morigi/Getty Images)

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The fund would compete with Invesco’s QQQ Trust ETF, one of many largest ETFs on the earth, with round $376 billion in assets under management, in accordance with information compiled by LSEG.

“Expanding access to the Nasdaq-100 is intended to be additive, supporting investors by improving the efficiency, liquidity, and availability of benchmark-linked exposure across markets and product types,” Nasdaq mentioned in a public assertion.

A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on December 3, 2025.

A NYSE dealer monitoring U.S. inventory benchmarks after a number of financial experiences. (Timothy A. Clary/AFP by way of Getty Images)

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Only a handful of publicly obtainable ETFs solely monitor the Nasdaq-100, in accordance with information from VettaFi’s ETF database.

Invesco’s product is likely one of the most generally traded funds within the U.S. and a well-liked approach for investors to gain exposure to large-cap development and know-how firms.

TickerSecurityLastChangeChange %
BLKBLACKROCK INC.958.28-1.10 -0.11%

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The Nasdaq-100 includes 100 of the biggest non-financial firms listed on the Nasdaq alternate, together with tech giants corresponding to Nvidia and Apple.

Invesco shares declined near 4% to $23.19 in early buying and selling. BlackRock shares edged 0.6% decrease.

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