The following article on Micro Nasdaq Futures VS Nasdaq 100 ETF is the opinion of Optimus Futures.
You want to trade the Nasdaq 100 index and have the choice of trading the Micro e-mini Nasdaq futures (MNQ) or the Invesco Nasdaq 100 ETF (QQQ). Both have the same underlying index, the Nasdaq Composite. So how different can they really be? Well, from an investment perspective they’re quite different. But from a trading perspective, we’re talking a “night and day” difference.
Sure, they’re correlated, as the Nasdaq Composite is the underlying index. But overall, they’re two separate instruments presenting different trading opportunities, liquidity profiles, trading hours, capital requirements, cost efficiencies, and tax treatments. That’s a bucket load of differences, and you may or may not realize what the implications are