BlackRock Future Tech ETF Price & Performance (BTEK)

BlackRock has introduced a new ETF, the iShares S&P 500 3% Capped ETF (TOPC), limiting any single stock's weight to 3%. This move aims to address concerns about mega-cap dominance in index funds. The fund will compete directly with Invesco’s established equal-weight ETF, offering a lower expense ratio.12

The BlackRock Future Tech ETF (BTEK) was delisted in August 2024, joining a wave of iShares fund closures. BTEK’s final trading price was $23.19, with no dividends paid. The closure reflects shifting investor preferences and BlackRock’s ongoing adjustments to its ETF lineup.34

Prior to delisting, BlackRock’s Future Tech ETF (BTEK) saw significant volatility, with a 2023 return of 33.05% but a steep 49.93% drop in 2022. Despite a brief recovery in early 2024, persistent underperformance and lack of dividends contributed to its closure.54