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            <expDate>2024-06-21</expDate>
            <notionalAmt>389350.33000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-9325.33000000</unrealizedAppr>
          </futrDeriv>
        </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>
          <ticker value="IVV 7 P499.44"/>
          <other otherDesc="INTERNAL" value="BRYXP94L4"/>
        </identifiers>
        <balance>-719.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-563537.82000000</valUSD>
        <pctVal>-1.51775833407</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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 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>499.44000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-07-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-240351.53000000</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>
          <ticker value="IVV 7 P525.73"/>
          <other otherDesc="INTERNAL" value="BRYXP94M2"/>
        </identifiers>
        <balance>719.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1511143.87000000</valUSD>
        <pctVal>4.069915312290</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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 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>525.73000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-07-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>734695.77000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </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>2024-06-27</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>
  <documents>XXXX</documents>
</edgarSubmission>
