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U.S.-listed ETFs reach record 4,900 while listed companies fall to 3,900

The number of U.S.-listed ETFs has risen 95 percent since 2020 to approximately 4,900. Over the same period, the number of U.S. publicly listed companies declined 20 percent to about 3,900.

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1 source·May 28, 12:00 AM(1 day ago)·1m read
U.S.-listed ETFs reach record 4,900 while listed companies fall to 3,900morningstar.ca
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-listed exchange-traded funds reached approximately 4,900, an all-time high, according to data compiled by @KobeissiLetter. That figure represents a 95 percent increase since 2020. S. publicly listed companies fell by 1,000, or 20 percent, to roughly 3,900, the lowest level this century. S. market, the widest such gap on record.

ETF assets under management U.S.

9 trillion. Over the last four years, those assets have increased 140 percent and now represent about 69 percent of the global ETF market. The data show ETFs continuing to expand their share of total investable assets in the United States.

Key Facts

4,900 ETFs
current number of U.S.-listed ETFs
3,900 companies
current number of U.S. publicly listed companies
$14.9 trillion
April 2026 U.S. ETF assets under management
69 percent
share of global ETF market held by U.S. funds

Story Timeline

3 events
  1. April 2026

    U.S. ETF assets under management rose 10 percent to $14.9 trillion.

    1 source@KobeissiLetter
  2. 2020-2026

    Number of U.S.-listed ETFs increased 95 percent to about 4,900.

    1 source@KobeissiLetter
  3. 2020-2026

    Number of U.S. publicly listed companies declined 20 percent to about 3,900.

    1 source@KobeissiLetter

Potential Impact

  1. 01

    Market participants have a larger menu of ETF products relative to individual stocks.

  2. 02

    Asset managers directing capital into ETFs control a growing share of U.S. equity exposure.

Transparency Panel

Sources cross-referenced1
Confidence score75%
Synthesized bySubstrate AI
Word count96 words
PublishedMay 28, 2026, 12:00 AM
Bias signals removed1 across 1 outlet
Signal Breakdown
Editorializing 1

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