Nope. iCloud Drive is a virtual folder on your device. When you drop a file into this drive, it will start "Uploading". Once it has uploaded, you will see "Rem

Nope. iCloud Drive is a virtual folder on your device. When you drop a file into this drive, it will start "Uploading". Once it has uploaded, you will see "Remove Download" option which removes the local copy but keeps the copy in the cloud. If you click on such a file whose local copy is not present, it will "Download Now" (you can select and option-click and find this option as well).