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        <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>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ3HQJ37"/>
        </identifiers>
        <balance>-565.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1384.25000000</valUSD>
        <pctVal>-0.00108429394</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>762.79000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>397911.48000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ3HQJ45"/>
        </identifiers>
        <balance>565.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1327.75000000</valUSD>
        <pctVal>0.001040037049</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>685.97000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-04</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-653812.25000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ5D3KN1"/>
        </identifiers>
        <balance>-566.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8829.60000000</valUSD>
        <pctVal>-0.00691629533</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>809.91000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>296945.86000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ7JHLM1"/>
        </identifiers>
        <balance>-566.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-71248.08000000</valUSD>
        <pctVal>-0.05580918311</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>599.11000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-10-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>63159.93000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ7JHLL3"/>
        </identifiers>
        <balance>-566.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-124904.88000000</valUSD>
        <pctVal>-0.09783897783</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>795.32000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-10-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>207207.05000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ5D3KM3"/>
        </identifiers>
        <balance>-566.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-23783.32000000</valUSD>
        <pctVal>-0.01862966217</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>608.04000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>126144.36000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JANE STREET LLC</name>
        <lei>549300E22Y3R49WJQP43</lei>
        <title>ISHARES CORE S&amp;P 500 ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BYJ7JHLK5"/>
        </identifiers>
        <balance>566.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>395515.14000000</valUSD>
        <pctVal>0.309810129228</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>JANE STREET LLC</counterpartyName>
              <counterpartyLei>549300E22Y3R49WJQP43</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES TRUST</issuerName>
                <issueTitle>ISHARES TRUST CORE S&amp;P500 ETF</issueTitle>
                <identifiers>
                  <cusip value="464287200"/>
                  <isin value="US4642872000"/>
                  <ticker value="IVV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>711.45000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-10-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-192540.06000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>MICRO E-MINI S&amp;P 500 INDEX FUTURES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="MES U26"/>
          <other otherDesc="FIGI" value="BBG01VKPJ8J4"/>
        </identifiers>
        <balance>24.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6563.35000000</valUSD>
        <pctVal>0.005141123830</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>STANDARD &amp; POORS'S 500</issuerName>
                <issueTitle>STANDARD &amp; POORS'S 500</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <ticker value="SPX"/>
                  <other otherDesc="INTERNAL" value="SPX_INDEX_US"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-09-18</expDate>
            <notionalAmt>895746.65000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>6563.35000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <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>2026-09-23</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock ETF Trust II</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
