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Invesco QQQ Transformation Could Bring in an Additional $150 Million in Revenue, Major Changes Ahead for the ETF Industry
[Coin World] Welcome to ETF IQ, a weekly newsletter dedicated to the $14 trillion global ETF industry. I'm Bloomberg reporter and host Katie Greifeld. Last week, we discussed how Invesco ( is trying to open its piggy bank to share the huge profits brought by QQQ. This week, we have some more specific details on what it might look like if Invesco successfully converts QQQ from a unit investment trust to an Open-end Funds: about $150 million annually, fluctuating up and down.