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            <expDt>2026-04-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-191880.34000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAL EQUITY TRADING, GP</name>
        <lei>5493003MWY2FX7868J26</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="BYDGV53A5"/>
        </identifiers>
        <balance>-180.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-442690.20000000</valUSD>
        <pctVal>-1.42467780491</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SAL EQUITY TRADING, GP</counterpartyName>
              <counterpartyLei>5493003MWY2FX7868J26</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShares Core S&amp;P 500 ETF</issuerName>
                <issueTitle>iShares Core S&amp;P 500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>607.47000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-04-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-12003.25000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAL EQUITY TRADING, GP</name>
        <lei>5493003MWY2FX7868J26</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="BYDGV5398"/>
        </identifiers>
        <balance>180.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>684968.40000000</valUSD>
        <pctVal>2.204384186843</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SAL EQUITY TRADING, GP</counterpartyName>
              <counterpartyLei>5493003MWY2FX7868J26</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShares Core S&amp;P 500 ETF</issuerName>
                <issueTitle>iShares Core S&amp;P 500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>561.90000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-04-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>112347.33000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Core S&amp;P 500 ETF</name>
        <lei>5493007M4YMN8XL48C14</lei>
        <title>iShares Core S&amp;P 500 ETF</title>
        <cusip>464287200</cusip>
        <identifiers>
          <isin value="US4642872000"/>
          <ticker value="IVV"/>
        </identifiers>
        <balance>53714.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29970263.44000000</valUSD>
        <pctVal>96.45112796834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKROCK CASH FUNDS</name>
        <lei>N/A</lei>
        <title>BLACKROCK CASH FUNDS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="980SNC002"/>
        </identifiers>
        <balance>294914.74000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294914.74000000</valUSD>
        <pctVal>0.949102745941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-24</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
