April 6 (Reuters) - BlackRock has filed for an exchange-traded fund that will track the Nasdaq-100 (.NDX) , in a challenge to Invesco’s dominance in a market where only a handful of funds directly follow the tech-heavy index.
The world’s largest asset manager (BLK.N) is seeking approval for iShares Nasdaq-100 ETF, which will trade under the ticker “IQQ”, it said in a filing with the Securities and Exchange Commission on Monday.
Fees for the fund were not specified.
The fund would compete with Invesco’s QQQ Trust ETF (QQQ.O) , one of the largest ETFs in the world, with around $376 billion in assets under management, according to data 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 said in a public statement.
Only a handful of publicly available ETFs exclusively track the Nasdaq-100, according to data from VettaFi’s ETF database.
Invesco’s product is one of the most widely traded funds in the U.S. and a popular way for investors to gain exposure to large-cap growth and technology companies.
The Nasdaq-100 comprises 100 of the largest non-financial companies listed on the Nasdaq exchange, including tech giants such as Nvidia (NVDA.O) and Apple (AAPL.O) .

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- BlackRock has filed for an exchange-traded fund, named iShares Nasdaq-100 ETF, to track the Nasdaq-100 index, challenging Invesco’s market dominance.  
- The new fund, which is awaiting approval, aims to enhance access to the Nasdaq-100, supporting investor efficiency and liquidity.  
- Currently, only a few ETFs track the Nasdaq-100, while Invesco’s QQQ Trust ETF remains one of the largest and most traded in the U.S. market.

BlackRock files for Nasdaq-100 fund, expanding competition with Invesco