The Winds of Change are Blowing Across the Arena for ETF Listings

November 15, 2025 - 03:07

In a significant shift within the exchange-traded fund (ETF) landscape, Nasdaq is intensifying its efforts to expand its ETF business as Cboe Global Markets scales back its funds operations. This strategic move by Nasdaq highlights a growing competition among exchanges to attract ETF listings and bolster their market presence.

As the demand for ETFs continues to rise, Nasdaq is reportedly “staffing up,” aiming to enhance its capabilities and services in this dynamic sector. The exchange is focusing on building a robust team to support ETF issuers and improve the overall listing experience.

Meanwhile, Cboe's decision to reduce its involvement in the funds business signals a recalibration of priorities, potentially allowing Nasdaq to capitalize on the opportunity. This evolving landscape presents both challenges and opportunities for market participants as they navigate the shifting dynamics of ETF listings and trading. The future of the ETF market appears poised for transformation, driven by strategic maneuvers from key players like Nasdaq and Cboe.