{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "leverage": true,
        "complex_factors": [
            "Leverage",
            "Daily reset of leverage",
            "Compounding effect due to daily reset",
            "Synthetic replication"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is explicitly described as 'WisdomTree NASDAQ 100 3x Daily Leveraged' and tracks an index that provides '3 times the daily performance' of the NASDAQ-100. This clearly indicates the use of leverage and a leveraged exposure. The KIID also states that 'For periods of longer than one day, the return of the product is not the same as the return of the Index multiplied by a factor of 3' due to the daily reset of the Leverage Factor, leading to a 'compounding effect'. This characteristic, along with the high risk class (7 out of 7) and the explicit mention of the 'You are about to purchase a product that is not simple and may be difficult to understand' warning within the KIID, strongly suggest a complex product classification. The implication of '3x Daily Leveraged' also strongly suggests the use of derivatives, likely swaps, to achieve this leveraged exposure, which is a primary indicator of complexity under MiFID II. Although the KIID doesn't explicitly detail the replication method, the nature of daily leveraged ETFs is typically synthetic replication via derivatives."
    }
}