{
    "type": "ETP",
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 2x Micron Technology ETP is classified as complex due to its leveraged structure (2x daily exposure), which introduces significant risks such as compounding effects and amplified losses. The KIID explicitly states that the product is not simple and may be difficult to understand, with a risk indicator of 7 out of 7. The ETP uses physical replication but employs margin (borrowing) to achieve its leveraged exposure, which adds complexity. The recommended holding period is only 1 day, highlighting the risks associated with longer-term holding due to daily rebalancing and compounding. The product is intended for sophisticated investors who understand leveraged products and can monitor their investments frequently. The high-risk nature, lack of capital protection, and potential for significant losses further support the complex classification.",
    "confidence": 95
}