Visa is a multi-billion dollar global credit card business and despite the initial public offering, the largest in U.S. history, the company will not be jumping into any financial exchange traded funds (ETFs) just yet.

Jefferey Ptak of Morningstar says that Visa will likely follow in Mastercard’s (MA) footsteps, getting picked up by financial ETFs, it’s just a matter of time.

John Spence for MarketWatch reports that the Visa (V) IPO raised about $18 billion last week, when the shares were priced at $44 above expected range. The stock jumped 28% the first day of trading and closed at $59.73 for Monday’s session.

One ETF Visa could likely gain entree to sooner rather than later is the First Trust IPOX – 100 Index (FPX), which tracks an index of the top 100 IPOs. The fund adds IPOs on their seventh day of trading, to allow the excitement to fade some so that it doesn’t create volatile movements in the fund. Visa’s IPO took place on March 19, and the seventh trading day will be Friday. Keep an eye out.

Mastercard is a major holding of FPX, at 5.3% of assets. Someday, Visa also could be joining Mastercard in the iShares Dow Jones US Financial Sector (IYF).

Tags: Financial, IPOs, Sector ETFs