Is egld a security?

Could you please clarify for me, is EGLD considered a security? I've been hearing different opinions on this matter and I'm trying to understand the legal and regulatory framework surrounding it. Could you explain the characteristics that would classify EGLD as a security, or conversely, those that would indicate it's not? Also, could you discuss the potential risks and implications for investors if it's treated as a security in certain jurisdictions? Thank you for your insights.