BlackRock Portfolio Management LLC amended its Schedule 13G to report beneficial ownership of 4,000,000 shares of Common Stock of iShares Staked Ethereum Trust ETF. The filing shows a 19.4% stake and states one holder, BlackRock Financial Management, Inc.- MTM - Consol, holds over 5%.
The filing lists sole voting and dispositive power over 4,000,000 shares and identifies Exhibit 99 for subsidiary classification. The schedule is signed by Spencer Fleming, Managing Director.
Positive
None.
Negative
None.
Insights
Large passive stake reported: BlackRock holds 4,000,000 shares (19.4%).
The filing records BlackRock Portfolio Management LLC as having sole voting and dispositive power over 4,000,000 shares of iShares Staked Ethereum Trust ETF, representing 19.4% of the class. The record lists a related entity with >5% interest.
Exhibit 99 is referenced for subsidiary identification; subsequent filings may provide the detailed subsidiary mapping and any client/beneficial-account breakdown.
Key Figures
Shares beneficially owned:4,000,000 sharesPercent of class:19.4%CUSIP:46438M106+3 more
6 metrics
Shares beneficially owned4,000,000 sharesCommon Stock reported on Schedule 13G/A
Percent of class19.4%Percent of outstanding common stock reported in Item 4
CUSIP46438M106Security identifier for iShares Staked Ethereum Trust ETF
Signature date05/06/2026Schedule signed by Spencer Fleming, Managing Director
Sole voting power4,000,000Shares with sole power to vote as reported in Item 4(c)(i)
Sole dispositive power4,000,000Shares with sole power to dispose as reported in Item 4(c)(iii)
Key Terms
Schedule 13G/A, beneficially owned, Investment Company Act of 1940
3 terms
Schedule 13G/Aregulatory
"This amended Schedule 13G/A reports the securities beneficially owned"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedfinancial
"reflects the securities beneficially owned, or deemed to be beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Investment Company Act of 1940regulatory
"A listing of the shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
What stake does BlackRock report in ETHB via Schedule 13G/A?
BlackRock Portfolio Management LLC reports beneficial ownership of 4,000,000 shares, representing 19.4% of the common stock. This amount is shown with sole voting and dispositive power in the filing.
Who filed the Schedule 13G/A for iShares Staked Ethereum Trust ETF (ETHB)?
The filing was made by BlackRock Portfolio Management LLC, with Spencer Fleming signing as Managing Director. The cover identifies the filer and includes the entity's principal business address in New York.
Does the filing name other parties with significant interests in ETHB?
Yes. The filing states that BlackRock Financial Management, Inc.- MTM - Consol has an interest exceeding 5% of the common stock; no further shareholder names are required to be listed for certain pooled accounts.
What powers over the shares does BlackRock report?
BlackRock reports sole voting power and sole dispositive power over 4,000,000 shares, with no shared voting or dispositive powers listed in the Schedule 13G/A.
Where can I find subsidiary identification tied to this Schedule 13G/A?
The filing references Exhibit 99 for Item 7, which is stated to contain the identification and classification of any subsidiary that acquired the reported securities on behalf of a parent holding company.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
iShares Staked Ethereum Trust ETF
(Name of Issuer)
Common Stock
(Title of Class of Securities)
46438M106
(CUSIP Number)
04/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
46438M106
1
Names of Reporting Persons
BlackRock Portfolio Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,000,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,000,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
19.4 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
iShares Staked Ethereum Trust ETF
(b)
Address of issuer's principal executive offices:
c/o iShares Delaware Trust Sponsor LLC 400 Howard Street SAN FRANCISCO CA 94105
Item 2.
(a)
Name of person filing:
BlackRock Portfolio Management LLC
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock Portfolio Management LLC, 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
46438M106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
4000000
(b)
Percent of class:
19.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
4000000
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
4000000
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The interest of 1 such person, BlackRock Financial Management, Inc.- MTM - Consol, in the common stock of iShares Staked Ethereum Trust ETF is more than five percent of the total outstanding common stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
