# EDGAR Filing Document

**Accession Number:** 0002000638
**File Stem:** 0001437749-25-036013
**Filing Date:** 2025-11
**Character Count:** 3033
**Document Hash:** aef13a46f647dc3c9c92ec768333d654
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-036013.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001437749-25-036013

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares Ethereum Trust ETF
- **CENTRAL INDEX KEY:** 0002000638
- **STANDARD INDUSTRIAL CLASSIFICATION:** [6221]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-275583
- **FILM NUMBER:** 251508574

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ISHARES DELAWARE TRUST SPONSOR, LLC
- **STREET 2:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 415-670-6416

**MAIL ADDRESS:**
- **STREET 1:** C/O ISHARES DELAWARE TRUST SPONSOR, LLC
- **STREET 2:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** iShares Ethereum Trust
- **DATE OF NAME CHANGE:** 20231109

Filed Pursuant to Rule 424(b)(3) <br> Registration No. 333-275583

**iShares**® **Ethereum Trust ETF** 

**Supplement No. 1 dated November 21, 2025** 

**to the prospectus dated July 31, 2025**

This prospectus supplement (this "Supplement") is part of and should be read in conjunction with the prospectus of iShares Ethereum Trust ETF (the "Trust"), dated July 31, 2025 (the "Prospectus"). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus.

**Update to Prospectus**

The following disclosure is added to the end of the "Plan of Distribution" section on page 135 of the Prospectus.

**Offering Restrictions**

This prospectus may not be distributed in or from the Abu Dhabi Global Market ("ADGM") except to such persons meeting the "Professional Client" criteria set out in Rule 2.4.1 of the conduct of business rules ("COBs") in the Financial Services Regulatory Authority of the Abu Dhabi Global Market ("FSRA") handbook. **This prospectus and any related document are strictly not directed to any person who would be considered a** "**Retail Client**" **in the ADGM under the COBs.**

The Trust is not subject to any form of regulation or approval by the FSRA.

The FSRA accepts no responsibility for reviewing or verifying the or any other documents in connection with the Trust. Accordingly, the FSRA has not approved this prospectus or any other associated documents nor taken any steps to verify the information set out in this prospectus and has no responsibility for it.

The Shares of the Trust may be illiquid and/or subject to restrictions on their resale with respect to Professional Clients in the ADGM. Prospective investors should conduct their own due diligence on the Trust.

If you do not understand the contents of this prospectus, you should consult your personal financial advisor.