It is a sign of the times when BlackRock, the kingpin of the ETF world, decides to offer an ETF that is a clone of the Invesco QQQ Trust (QQQ).
As we see here, QQQ, which debuted way back on March 9, 1999, is now a $478 billion ETF, one of the largest on the planet. iShares is an ETF dominator, but its market share of this decade’s protagonist, the Nasdaq-100 Index, is almost nonexistent. It debuted the iShares Nasdaq Top 30 Stocks ETF (QTOP) and the iShares Nasdaq-100 Ex Top 30 ETF (QNXT) during October 2024, designed to capitalize on the dual-personality of QQQ.
