BlackRock is launching an iShares Nasdaq-100 ETF, expanding competition in the Nasdaq-100 exchange-traded fund market. Multiple outlets report that the new fund begins trading on Thursday, with an initial net asset value (NAV) of about $24 per share. The announcement comes as investor demand for technology and growth-focused products remains supported by the ongoing AI rally, which has driven interest in Nasdaq-100 exposure.
The new iShares ETF is positioned against existing Nasdaq-100 offerings, including Invesco’s funds. One report compares the starting NAV of BlackRock’s iShares Nasdaq-100 ETF with the NAV levels of Invesco’s related funds, citing figures of $722.45 and $297.45 for the Invesco vehicles referenced. While the outlets focus on market positioning and competition, they consistently describe the launch timing, the ETF’s initial NAV, and the purpose of adding an additional option for investors seeking exposure to the Nasdaq-100 index.
Overall, the sources indicate BlackRock’s entry increases choice among Nasdaq-100 ETFs during a period of heightened demand linked to AI-related market themes.
