Do ETFs have counterparty risk?

Excellent question! ETFs, or Exchange-Traded Funds, are often seen as a safer investment option compared to individual stocks. However, it's important to understand that they can still carry counterparty risk, albeit in a different form. Can you explain what counterparty risk is and how it might apply to ETFs? Are there any specific types of ETFs that are more prone to counterparty risk than others? Additionally, what measures can investors take to mitigate this risk when investing in ETFs?