For ETFs, the market "where investors buy and sell ETF shares on an exchange." "Most visible trading activity occurs in the secondary market."
Quoted passages come from the articles on this site.
Covered in: Why ETF Liquidity ≠ AUM · Free ETF diagrams
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
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