[tornato7]

People buy commodities like Oil to make a profit, too. The question is, what cryptos are commodities and which are securities?

[steveBK123]

Is it a future / forward / swap / put / call / etc? Security.

Is it a barrel of oil / unit of BTC? Commodity/Currency.

[MikeDelta]

Indeed. In general, security is a product. Commodity and currencies are asset classes.

BTC would fall under the crypto asset class. I don't think financial institutions see it a currency in terms of asset class.