Invesco QQQ Trust

• A blockchain token designed to track the price of Invesco QQQ Trust (NASDAQ: QQQ), an exchange-traded fund.

• It is not a fund unit. Holding the token does not make you a shareholder of the fund and confers no rights against the fund or its manager.

• It offers fractional, round-the-clock price exposure without a foreign brokerage account.

• Issuer: Invesco

• Launched: March 1999

• Index: Nasdaq-100

• Listed on: Nasdaq (QQQ)

• Category: Large-cap US equity fund

• QQQ tracks the Nasdaq-100 index, covering the largest non-financial companies listed on Nasdaq.

• It is heavily weighted towards technology, which raises both its growth profile and its volatility relative to broad market funds.

• It excludes financial sector companies by index construction.

• The fund holds the 100 largest non-financial Nasdaq stocks.

• Technology makes up the largest share.

• The top holdings include NVIDIA, Microsoft, Apple and Amazon.

• You get price exposure to the underlying instrument.

• You do not get shareholder voting rights.

• Dividend or distribution treatment depends on the issuer's structure and is often not passed through.

• You take on issuer and custodian risk in addition to the price risk of the underlying.

Pros:

• It is one of the most traded ETFs.

• It gives growth exposure.

• It has a long track record.

Cons:

• It is concentrated in the largest names.

• It excludes financials.

• It is sensitive to tech valuations.

• Counterparty risk: if the issuer or custodian fails, the backing may not be recoverable.

• Tracking risk: the token price can diverge from the underlying, particularly outside US market hours when the underlying does not trade.

• Liquidity risk: on-chain liquidity is thinner than the underlying market, so spreads can widen sharply.

• Regulatory risk: India does not yet have a settled framework for tokenised equities, and tax treatment remains unclear.

• Price risk specific to the underlying instrument.