What is grayscale Bitcoin Cash Trust?
Could you please elaborate on what the Grayscale Bitcoin Cash Trust is? I'm interested in understanding its purpose, how it functions within the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> ecosystem, and any specific benefits it might offer investors. I've heard of Grayscale and their other trusts, but I'm particularly curious about this one as it pertains to Bitcoin Cash. Does it allow investors to gain exposure to Bitcoin Cash in a more traditional investment vehicle? And how does it differ from other ways of investing in cryptocurrencies? I'd appreciate any insights you could provide.
Is an ETF a derivative?
Could you please clarify for me if an ETF, or Exchange-Traded Fund, qualifies as a derivative? I've heard some conflicting opinions on this matter, and I'm trying to get a clear understanding. ETFs are known for tracking the performance of a specific index or basket of assets, but does this structure make them akin to derivatives in any way? I'm particularly interested in understanding the risk profile and legal classification of ETFs in comparison to derivatives. Could you enlighten me on this matter?