diff --git a/.changeset/mcp-capture-tools-list-option.md b/.changeset/mcp-capture-tools-list-option.md
new file mode 100644
index 0000000000..8cf5e014bc
--- /dev/null
+++ b/.changeset/mcp-capture-tools-list-option.md
@@ -0,0 +1,5 @@
+---
+'@posthog/mcp': minor
+---
+
+Add a `sendToolsListEvent` option. It is on by default. Set it to `false` to stop sending `$mcp_tools_list`.
diff --git a/packages/mcp/README.md b/packages/mcp/README.md
index fa38380bff..6e22204bb5 100644
--- a/packages/mcp/README.md
+++ b/packages/mcp/README.md
@@ -203,6 +203,9 @@ while the option is off.
 instrument(server, posthog, { sendInitializeEvent: false })
 ```
 
+Set `sendToolsListEvent: false` to stop sending `$mcp_tools_list`. Nothing else changes: tools keep
+their injected arguments, and the virtual tools stay listed.
+
 ### Identifying the deployed server build
 
 MCP advertises a server version, but it does not define an exact build identifier. Pass an immutable
diff --git a/packages/mcp/src/__tests__/send-tools-list-event.test.ts b/packages/mcp/src/__tests__/send-tools-list-event.test.ts
new file mode 100644
index 0000000000..6a904873b1
--- /dev/null
+++ b/packages/mcp/src/__tests__/send-tools-list-event.test.ts
@@ -0,0 +1,60 @@
+import { Server } from '@modelcontextprotocol/sdk/server/index.js'
+import { CallToolResultSchema, ListToolsRequestSchema, ListToolsResultSchema } from '@modelcontextprotocol/sdk/types.js'
+import { instrument } from '../index'
+import type { MCPServerLike } from '../types'
+import { EventCapture, fakePostHog } from './test-utils'
+import { resetTodos, setupTestServerAndClient } from './test-utils/client-server-factory'
+
+/** `sendToolsListEvent: false` sends no `$mcp_tools_list`, and nothing else changes. */
+describe('sendToolsListEvent', () => {
+  let eventCapture: EventCapture
+
+  beforeEach(async () => {
+    eventCapture = new EventCapture()
+    await eventCapture.start()
+  })
+
+  afterEach(async () => {
+    await eventCapture.stop()
+  })
+
+  it.each([true, false])('sendToolsListEvent: %s controls only the listing event', async (sendToolsListEvent) => {
+    resetTodos()
+    const { server, client, cleanup } = await setupTestServerAndClient()
+    try {
+      instrument(server, fakePostHog(), { sendToolsListEvent })
+
+      const listing = await client.request({ method: 'tools/list', params: {} }, ListToolsResultSchema)
+      await client.request(
+        { method: 'tools/call', params: { name: 'add_todo', arguments: { text: 'milk', context: 'adding' } } },
+        CallToolResultSchema
+      )
+      await new Promise((resolve) => setTimeout(resolve, 50))
+
+      expect(eventCapture.findCapturesByEvent('$mcp_tools_list')).toHaveLength(sendToolsListEvent ? 1 : 0)
+      // The listing itself is unchanged: the SDK still injects `context`.
+      const addTodo = listing.tools.find((tool) => tool.name === 'add_todo')
+      expect(addTodo?.inputSchema.properties).toHaveProperty('context')
+      const calls = eventCapture.findCapturesByEvent('$mcp_tool_call')
+      expect(calls).toHaveLength(1)
+      expect(calls[0].properties.$mcp_intent).toBe('adding')
+    } finally {
+      await cleanup()
+    }
+  })
+
+  it('also drops a failed listing and its $exception', async () => {
+    const server = new Server({ name: 'failing-listing', version: '1.0.0' }, { capabilities: { tools: {} } })
+    server.setRequestHandler(ListToolsRequestSchema, async () => {
+      throw new Error('listing failed')
+    })
+    instrument(server, fakePostHog(), { sendToolsListEvent: false })
+
+    const handler = (server as unknown as MCPServerLike)._requestHandlers.get('tools/list')
+    await expect(handler?.({ method: 'tools/list', params: {} }, undefined)).rejects.toThrow('listing failed')
+    await new Promise((resolve) => setTimeout(resolve, 50))
+
+    expect(eventCapture.findCapturesByEvent('$mcp_tools_list')).toHaveLength(0)
+    expect(eventCapture.findCapturesByEvent('$exception')).toHaveLength(0)
+  })
+})
diff --git a/packages/mcp/src/extensions/instrumentation.ts b/packages/mcp/src/extensions/instrumentation.ts
index 8f23abe49c..9df875f491 100644
--- a/packages/mcp/src/extensions/instrumentation.ts
+++ b/packages/mcp/src/extensions/instrumentation.ts
@@ -788,7 +788,8 @@ export async function handleListToolsRequest(
     extra,
     event,
     logger,
-    requestAttribution
+    requestAttribution,
+    data?.options.sendToolsListEvent !== false
   )
   const tools = response.tools
 
@@ -806,7 +807,9 @@ export async function handleListToolsRequest(
     event.error = captureException('No tools were sent to MCP client.')
     event.isError = true
     event.duration = Date.now() - startTime.getTime()
-    captureEvent(server, event, data.logger, requestAttribution)
+    if (data.options.sendToolsListEvent !== false) {
+      captureEvent(server, event, data.logger, requestAttribution)
+    }
     return response
   }
 
@@ -814,7 +817,9 @@ export async function handleListToolsRequest(
   event.listedToolNames = collectListedToolNames(tools)
   event.isError = false
   event.duration = Date.now() - startTime.getTime()
-  captureEvent(server, event, data.logger, requestAttribution)
+  if (data.options.sendToolsListEvent !== false) {
+    captureEvent(server, event, data.logger, requestAttribution)
+  }
   return response
 }
 
@@ -852,7 +857,8 @@ async function getTracedToolsList(
   extra: CompatibleRequestHandlerExtra | undefined,
   event: McpEvent,
   logger: LoggerFn,
-  requestAttribution: SessionInfo
+  requestAttribution: SessionInfo,
+  sendToolsListEvent: boolean
 ): Promise<CompatibleToolsListLike> {
   try {
     const data = getServerTrackingData(server)
@@ -957,7 +963,9 @@ async function getTracedToolsList(
     event.error = captureException(error)
     event.isError = true
     event.duration = event.timestamp ? Date.now() - event.timestamp.getTime() : 0
-    captureEvent(server, event, logger, requestAttribution)
+    if (sendToolsListEvent) {
+      captureEvent(server, event, logger, requestAttribution)
+    }
     throw error
   }
 }
diff --git a/packages/mcp/src/index.ts b/packages/mcp/src/index.ts
index 03674e0ff2..678dc17809 100644
--- a/packages/mcp/src/index.ts
+++ b/packages/mcp/src/index.ts
@@ -145,6 +145,7 @@ const DEFAULT_OPTIONS = {
   enableConversationId: true,
   captureModel: true,
   sendInitializeEvent: true,
+  sendToolsListEvent: true,
 } satisfies Partial<MCPAnalyticsOptions>
 
 function buildTrackingData(
diff --git a/packages/mcp/src/types.ts b/packages/mcp/src/types.ts
index c6887b1327..f620f0bfb5 100644
--- a/packages/mcp/src/types.ts
+++ b/packages/mcp/src/types.ts
@@ -169,6 +169,12 @@ export interface MCPAnalyticsOptions {
    * Set to `false` to stop sending it. Nothing else changes.
    */
   sendInitializeEvent?: boolean
+  /**
+   * Send `$mcp_tools_list` for each `tools/list`. On by default.
+   * Set to `false` to stop sending it. Nothing else changes: tools keep their
+   * injected arguments, and the virtual tools stay listed.
+   */
+  sendToolsListEvent?: boolean
   /**
    * Identify the calling user. Returning a non-null value sets `distinct_id` and `$set`
    * on subsequent events for the session. Object form is treated as a static identity.