In brief

1 billion, 62% above June 2025.

There were 38 launches in 2026 through July, taking listed ETFs to 213.

What we know

04

  1. Verified fact · material

    The number of individuals holding ETFs on B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ reached 862 thousand in June 2026, versus 639 thousand in June 2025, up 34% or 223 thousand accounts, according to an exchange survey released on September 17.

    Shows accelerated adoption of the product by retail investors.

    Sources[01][02]

  2. Verified fact · material

    Assets custodied in ETFs went from R$ 26.9 billion to R$ 35.1 billion in 12 months, up 62%, and grew 30% in the year through June.

    Assets grow faster than the base, a sign of larger tickets.

    Sources[01][02]

  3. Context

    There were 213 ETFs listed in June 2026; 38 were launched in 2026 through July, after 62 launches in 2025, led by fixed income without periodic taxation and international products with artificial intelligence exposure.

    Product supply keeps pace with demand.

    Sources[02]

  4. Context

    Between December 2025 and June 2026, 140.3 thousand investors joined, up 19.4% in the year.

    Growth pace holds in 2026.

    Sources[02]

Transmission to assets

Market read-through

For B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗, the product expands trading and listing revenue; for banks and asset managers, migration from fixed income funds to ETFs without periodic taxation pressures management fees.

The Selic cut tends to accelerate the search for equity and international ETFs.

Portfolio impact

01
B3 (B3SA3)positive

More investors and assets in ETFs lift volume and listing revenue.

Growing but still small contribution.

What would change the view: Effect diluted in total exchange revenue.

direct45% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Second half ETF data with the falling Selic
  • New fixed income and crypto launches
  • Asset manager response on traditional fund fees

Limits of the reporting

What remains uncertain

  • Whether growth holds with lower fixed income rates
  • The weight of international ETFs in the base

Full sources

02
01
B3ETFs ganham 223 mil investidores em um ano e alcançam 862 mil CPFs na B3official source
02
InfoMoneyETFs ganham 140 mil investidores no ano e já somam 862 mil CPFsindependent newsroom
06