ETFs do not work the same way stocks do. The market maker has the responsibility to buy if someone is there to sell. just that you would have to take a hair cut on the value that you are selling at. The market maker can gather enough ETFs to form creation units and redeem the underlying securities. You could do it too, if you have enough units that they can form creation units to get the underlying securities.
Secondly, if you are unable to find a buyer you can always contact the fund house, and the fund house will help you facilitate the trade. They could direct their market maker to buy them off from you.
ETF units can be created and redeemed, but what you get is the underlying securities and not cash.
Subscribe To Our Free Newsletter |