iShares Ethereum Trust ETF ETHA

The iShares Ethereum Trust ETF (the "Trust") was formed as a Delaware statutory trust on November 8, 2023. The Trust is governed by the provisions of the Third Amended and Restated Trust Agreement (the "Trust Agreement") executed by iShares Delaware Trust Sponsor LLC, as sponsor (the "Sponsor"), BlackRock Fund Advisors, as trustee (the "Trustee"), and Wilmington Trust, National Association, as Delaware trustee (the "Delaware Trustee"), dated as of July 8, 2025.

The purpose of the Trust is to own ether purchased by the Trust in exchange for the shares issued by the Trust (the "Shares"). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The owners of the beneficial interests in the Shares are the "Shareholders." The assets of the Trust consist primarily of ether held by a custodian on behalf of the Trust. The Sponsor and the Trustee are consolidated subsidiaries of BlackRock, Inc. ("BlackRock"). Coinbase Custody Trust Company, LLC serves as the custodian for the Trust's ether holdings (the "Ether Custodian"); Anchorage Digital Bank N.A. serves as an additional available custodian for the Trust's ether holdings (the "Additional Ether Custodian"); Coinbase, Inc. ("Coinbase Inc." or the "Prime Execution Agent"), an affiliate of the Ether Custodian, serves as the Trust's prime execution agent; and The Bank of New York Mellon serves as the custodian for the Trust's cash holdings (the "Cash Custodian") and as the administrator of the Trust (the "Trust Administrator"). The Ether Custodian, the Additional Ether Custodian, and the Cash Custodian are collectively referred to as the "Custodians."