From there, the next likely ETF destination could be, emphasis on “could be,” is the Renaissance IPO ETF (NYSEArca: IPO). IPO tracks the Renaissance IPO Index, which allows for the flexibility of adding IPOs after the fifth trading day, something IPO did with the likes of Twitter (NYSE: TWTR) and King Digital (NYSE: KING). [IPO ETF Adds King Digital]

Next up would likely be the KraneShares CSI China Internet Fund (NasdaqGM: KWEB). In an appearance on CNBC’s “Fast Money” earlier this year, KraneShares Managing Director Brendan Ahern said KWEB can fast track Alibaba into its lineup and add the stock following its eleventh day of trading. [China Internet ETF Could Add Alibaba 11 Days Post-IPO]

Regarding IPO and KWEB, it does not matter which exchange Alibaba chooses, but to gain admission to ONEQ and QQQ, Alibaba must list on the Nasdaq. It would take about three months for the stock to appear in QQQ, the NASDAQ-100 tracking ETF.

PowerShares QQQ

Tom Lydon’s clients own shares of QQQ.

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