BlackRock files for Nasdaq 100 ETF to challenge Invesco's QQQ (BLK:NYSE)
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BlackRock has filed for a Nasdaq 100 ETF, which is seen as a challenge to Invesco's dominant position in the market. The move is expected to increase competition with Invesco, potentially altering the landscape of the Nasdaq 100 ETF market. State Street has also filed to launch a similar product, further expanding the competition with Invesco.
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