Quick reminder:

A futures position isn't the same thing as owning the underlying asset.

If you trade a TradFi perpetual linked to gold:

You don't own the gold.

If you trade a perpetual linked to a stock:

You don't own the stock.

The contract is designed to track price movements.

This distinction affects everything from shareholder rights to dividends and settlement.

Before trading derivatives, understand the instrument—not just the asset name.

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