#NasdaqETFUpdate A Technical Look at QQQ
• Invesco QQQ, which tracks the Nasdaq‑100 index, is currently on a clear upward trend, with a slight increase of 0.68% this year up to June 9.
• It recorded a monthly rise of about +8–9%, and approximately +15% over the past 12 months.
• The current price is around $534.21 amid daily fluctuations ranging between ~529 and 534.87 dollars.
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🏆 Long-term Performance
• The fund has recovered from the last four years, outperforming the S&P 500 in 7 of the last 10 years up to March 31, 2025.
• The average annual return over the last decade is estimated at around 18.3%, compared to the broader S&P 500 index.
• Historically, despite severe losses during the “dot-com bubble,” it has recorded strong continuous growth since 1999.
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⚠️ Latest Catalysts and Movements
• The Binance √NasdaqETFUpdate√ report indicates a 10% jump over the weekend driven by the inclusion of XRP in the Nasdaq Crypto US Settlement index (starting June 2), which has revived optimism towards altcoin-based ETFs.
• This move may enhance interest in similar funds or future structuring based on regulatory standards.
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🔍 What Does This Mean for Investors?
• QQQ is an excellent choice for investors aiming to expose themselves to major technology companies with lower risk than selecting individual stocks.
• Movements in XRP and the cryptos index may impact related digital ETFs in the future, although QQQ does not directly cover this category.