The Nasdaq ETF landscape is thriving amid a robust market rally, with the tech-heavy Nasdaq Composite surging 29.5% from its April low to near 20,000 points, driven by AI optimism and easing trade tensions . Key developments include:

1. Performance Leaders: Invesco QQQ (QQQ) and its low-fee counterpart QQQM are outperforming, buoyed by NVIDIA's $3.45 trillion market cap and semiconductor strength .

2. New Listings: Recent launches include the Defiance 2x Short PLTR ETF (PLTZ) and crypto-focused **Volatility Shares XRP ETFs (XRPI, XRPT)**, expanding thematic options .

3. Structural Innovations: SEC approvals $BTC