New iShares Nasdaq 100 ETF to launch, intensifying competition for Invesco QQQ fund

BlackRock announced plans to launch the iShares Nasdaq 100 ETF as soon as this Thursday, entering direct competition with the well-established Invesco QQQ ETF. This move comes just two weeks after State Street introduced its own rival, the SPDR Portfolio Nasdaq 100 ETF. The entry of these new ETFs signals increased competition in the Nasdaq 100 index fund space, potentially offering investors more choices and possibly better pricing or features. Market watchers will be keen to see how these new funds perform against the popular QQQ.