BlackRock Portfolio Management (ETHB) discloses 4,000,000-share stake in iShares Staked Ethereum Trust

Rhea-AI Filing Summary

BlackRock Portfolio Management LLC reports beneficial ownership of common stock of iShares Staked Ethereum Trust ETF. As of 06/30/2026, it beneficially owned 4,000,000 shares, representing 17.9% of the class. It holds sole dispositive power over these 4,000,000 shares and no voting power. The filing notes that this reflects securities beneficially owned or deemed beneficially owned by certain business units of BlackRock, Inc. and affiliates, excluding other disaggregated business units. The interest of BlackRock iShares Seed in this common stock is stated to exceed five percent of the total outstanding shares.

Key Figures

Shares beneficially owned: 4,000,000 shares Percent of class: 17.9% Sole voting power: 0 shares +4 more

7 metrics

Shares beneficially owned 4,000,000 shares Common stock of iShares Staked Ethereum Trust ETF as of 06/30/2026

Percent of class 17.9% Portion of ETHB common stock beneficially owned

Sole voting power 0 shares Shares over which voting may be directed solely

Shared voting power 0 shares Shares over which voting may be directed jointly

Sole dispositive power 4,000,000 shares Shares over which the filer may direct disposition

Shared dispositive power 0 shares Shares over which disposition is shared

Ownership threshold more than five percent Interest of BlackRock iShares Seed in ETHB common stock

Key Terms

beneficially owned, sole dispositive power, percent of class, Schedule 13G, +1 more

5 terms

beneficially owned financial

"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.

sole dispositive power financial

"Sole Dispositive Power 4,000,000.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: 17.9 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Schedule 13G regulatory

"This Schedule 13G/A reflects the securities beneficially owned"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Power of Attorney regulatory

"Exhibit 24: Power of Attorney"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/17/2026 - 11:33 AM Accepted by SEC EDGAR 07/17/2026 - 11:33 AM Learn about SEC filing dates

FAQ

What percentage of ETHB does BlackRock Portfolio Management LLC report owning?

BlackRock Portfolio Management LLC reports beneficial ownership of 17.9% of the common stock of iShares Staked Ethereum Trust ETF (ETHB). This corresponds to 4,000,000 shares as of June 30, 2026, with sole dispositive power but no voting power over these shares.

How many ETHB shares does BlackRock Portfolio Management LLC beneficially own?

BlackRock Portfolio Management LLC beneficially owns 4,000,000 shares of iShares Staked Ethereum Trust ETF (ETHB). These shares represent 17.9% of the outstanding class, with the firm having sole power to dispose of them and no power to vote them.

What voting and dispositive powers are reported over ETHB shares?

The filer reports 0 shares with sole or shared voting power in ETHB, but 4,000,000 shares with sole dispositive power. There is no shared dispositive power. This means it can decide on sales or transfers but does not control how the shares are voted.

Who is identified as having more than 5% interest in ETHB on whose behalf BlackRock holds shares?

The filing states that BlackRock iShares Seed has an interest exceeding five percent of ETHB’s total outstanding common stock. This interest relates to the shares reported as beneficially owned through BlackRock Portfolio Management LLC and its related business units.

What is the as-of date for the ETHB ownership information in this Schedule 13G/A?

The ownership information for iShares Staked Ethereum Trust ETF (ETHB) is stated as of 06/30/2026. As of that date, BlackRock Portfolio Management LLC reported beneficial ownership of 4,000,000 shares, or 17.9% of the outstanding common stock.

Does the ETHB filing cover all BlackRock business units’ holdings?

No. The Schedule 13G/A specifies it covers securities beneficially owned by certain BlackRock business units only. It explicitly excludes any securities beneficially owned by other BlackRock units whose holdings are disaggregated under SEC Release No. 34-39538.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

iShares Staked Ethereum Trust ETF

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46438M106

(CUSIP Number)

06/30/2026

(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 0.00
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)

17.9 %

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 4.	Ownership
(a)	Amount beneficially owned: 4000000
(b)	Percent of class: 17.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(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 iShares Seed, 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.

BlackRock Portfolio Management LLC

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/17/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7