BlackRock Future U.S. Themes ETF (BTHM) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in U.S. equity securities exhibiting above-average earnings growth potential, with a focus on emerging themes and trends in the U.S. economy. The ETF offers investors diversified exposure to U.S. equities across sectors poised for structural growth, such as those benefiting from technological innovation, demographic shifts, and economic transformations; it employs a systematic active equity strategy managed by BlackRock Fund Advisors, emphasizing companies domiciled in the United States. Launched on December 16, 2021, and listed on NYSE Arca, the fund is headquartered at 400 Howard Street, San Francisco, California 94105, as part of BlackRock's broader iShares ETF platform targeting individual and institutional investors in the equity thematic segment.
In recent developments, the fund has demonstrated strong performance with a one-year total return of approximately 31.12% as of March 2024 and year-to-date gains reflecting robust U.S. market momentum into 2025, underscoring its alignment with high-growth themes. Managed by Raffaele Savi, Global Head of BlackRock Systematic, alongside Philip Hodges, BTHM continues to rotate dynamically among U.S. thematic opportunities without pursuing ESG-specific strategies, maintaining an expense ratio of 0.57% to 0.60%. No major acquisitions, partnerships, or structural changes specific to BTHM have been reported in the last 1-2 years, as BlackRock focuses on organic growth within its active ETF lineup amid surging industry inflows.