# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001193125-25-211548
**Filing Date:** 2025-9
**Character Count:** 4531
**Document Hash:** 3a8cccdc0acd5c14bbebf640b71a12db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-211548.hdr.sgml**: 20260320

**ACCESSION NUMBER**: 0001193125-25-211548

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust II
- **CENTRAL INDEX KEY:** 0001804196

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

---

| | |
|:---|:---|
| ![LOGO](g917780g15b93.jpg) | 787 Seventh Avenue<br> New York, NY 10019-6099<br> Tel: 212 728 8000<br> Fax: 212 728 8111 |

---

September 22, 2025

**<u>VIA EDGAR</u>**

David L. Orlic, Esq.

Division of Investment Management

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Re: iShares Large Cap Moderate Quarterly Laddered ETF and iShares Large Cap Deep

Quarterly Laddered ETF

(Securities Act File No. 333-236575, Investment Company Act File No. 811-23511)

<u>Response to Staff Comments</u> 

Dear Mr. Orlic:

On behalf of iShares Large Cap Moderate Quarterly Laddered ETF ("Moderate Quarterly Laddered ETF") and iShares Large Cap Deep Quarterly Laddered ETF ("Deep Quarterly Laddered ETF" and together with the Moderate Quarterly Laddered ETF, the "Funds"), each a series of BlackRock ETF Trust II (the "Trust"), this letter responds to comments provided by the staff of the Division of Investment Management (the "Staff") of the Securities and Exchange Commission (the "Commission") to Sofi Kim via telephone on September 17, 2025 (the "Comments") regarding Post-Effective Amendment No. 67 to the Trust's Registration Statement on Form N-1A (the "Registration Statement") under the Securities Act of 1933, as amended, and Amendment No. 69 under the Investment Company Act of 1940, as amended, which was filed with the Commission on July 31, 2025.

For the convenience of the Staff, the comments are set out below. We have discussed the Staff's comments with representatives of the Trust. The Trust's responses to the Staff's comments are set out immediately under the restated comment. Please note that we have not independently verified information provided by the Trust. A Post-Effective Amendment to the Registration Statement (the "Amendment"), which reflects changes made in response to the Staff's comments, along with changes made to update certain other information in the Registration Statement, will be filed at a later date. Unless otherwise indicated, defined terms used herein have the meanings set forth in the Registration Statement.

BRUSSELS CHICAGO DALLAS FRANKFURT HAMBURG HOUSTON LONDON LOS ANGELES

MILAN MUNICH NEW YORK PALO ALTO PARIS ROME SAN FRANCISCO WASHINGTON

------

---

| | |
|:---|:---|
| <u>Comment No. 1</u>: | *In the "Summary of Principal Risks" section of the Summary Prospectuses of the Funds, please advise why the Trust does not consider "Large-Capitalization Companies Risk" to be a risk, given that the Funds track the S&P 500.* |
| <u>Response No. 1</u>: | The Trust will include the following in the above referenced section for each Fund in the Amendment:<br>***Large-Capitalization Companies Risk.*** Large-capitalization companies may be less able than smaller-capitalization companies to adapt to changing market conditions and competitive challenges. Large-capitalization companies may be more mature and subject to more limited growth potential compared with smaller-capitalization companies. The performance of large-capitalization companies could trail the overall performance of the broader securities markets. |
| <u>Comment No. 2</u>: | *In the "Principal Investment Strategies" section of the Summary Prospectus of the Deep Quarterly Laddered ETF, please remove reference to "Hedge Period."*  |
| <u>Response No. 2</u>: | The Trust will remove reference to Hedge Period in the above referenced section in the Amendment. |

---

\* \* \* \* \* \* \* \* \*

Please do not hesitate to contact me at (212) 728-3151 if you have comments or if you require additional information regarding the Registration Statement.

Respectfully submitted,

<u>/s/ Sofi Kim</u> 

Sofi Kim

cc: Gladys Chang, Esq., BlackRock, Inc.

Elliot J. Gluck, Esq., Willkie Farr & Gallagher LLP