BlackRock Future Tech ETF
BTEK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Oct 1, 2020
- Similar Companies
- Business
- BlackRock Future Tech ETF (BTEK) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the BlackRock Future Tech Index. The fund invests at least 80% of its assets in securities of companies in the technology sector that are positioned to benefit from the development of new technologies and the transition to a digital economy; this includes equity securities of companies engaged in areas such as artificial intelligence, cloud computing, cybersecurity, Internet of Things, robotics, and advanced semiconductors. It employs a passive management strategy, utilizing representative sampling to track the index, which is composed of equity securities from issuers worldwide with significant exposure to future technologies. BTEK offers investors diversified exposure to global technology innovators across multiple subsectors, including software-as-a-service platforms, data analytics providers, autonomous systems developers, and next-generation connectivity solutions; the portfolio typically holds 50-70 securities, with allocations weighted by market capitalization and adjusted for future tech revenue contributions. The fund targets institutional and retail investors seeking thematic growth opportunities in disruptive technologies, operating primarily in developed markets such as the United States, Europe, and Asia-Pacific regions. Launched in 2019, BTEK is managed by BlackRock Fund Advisors and domiciled in the United States, with its principal place of business in New York. Recent developments include portfolio rebalancing in response to 2024 market shifts toward AI infrastructure, with increased weightings in semiconductor and data center enablers amid surging demand; the fund benefited from BlackRock's strategic enhancements to its iShares ETF platform, including expanded ESG integration options and improved liquidity through additional authorized participants. In late 2024, BTEK participated in BlackRock's broader initiative to launch complementary tech-focused ETFs, enhancing its role within the firm's $10 trillion asset management ecosystem. No major acquisitions or name changes have occurred, but ongoing index reconstitutions reflect evolving tech trends like quantum computing and edge AI.