Core Viewpoint - Nasdaq Inc. is preparing for a significant increase in ETF listings following the SEC's approval for asset managers to offer ETFs as share classes of existing mutual funds, which could lead to hundreds of new listings in the $13 trillion US ETF market [1][2]. Group 1: Nasdaq's Strategic Moves - Nasdaq is actively hiring to enhance its capabilities in anticipation of the upcoming wave of ETF listings, focusing on both the exchange-traded product group and the legal and compliance sectors [3]. - The exchange has recently appointed Kristian D'Agostino as senior director of ETFs to strengthen its team and ensure efficiency in the listing process [3]. Group 2: Market Context and Challenges - The SEC's recent decision is seen as a pivotal moment in asset management, with approximately 80 competitors also seeking approval to create ETF share classes [2]. - Concerns have been raised regarding the technical challenges of implementing this new structure, with experts suggesting that launching a successful ETF strategy may not be straightforward and could strain the market-making ecosystem [4].