Nasdaq Expands ETF Definition to Include Hybrid “Class ETF Shares”

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Nasdaq has filed a rule change to expand its Exchange-Traded Product (ETP) definition, introducing support for “Class ETF Shares”—a hybrid structure combining mutual funds and ETFs. This move allows these new products to benefit from existing exchange features, including more controlled price discovery at market open.

The change builds on prior approvals from the U.S. Securities and Exchange Commission and reflects growing demand for flexible investment structures. By blending ETF liquidity with mutual fund features, Class ETF Shares could offer investors a new way to access diversified portfolios with improved trading efficiency.

[johnblockbuster]

blending mutual funds with etfs could give investors more flexibility without sacrificing liquidity