{
    "type": "ETP",
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Inverse Exposure",
        "Daily Compounding Effect"
    ],
    "classification": "complex",
    "supporting_data": "The ETP is classified as complex due to its -3x inverse leverage, which introduces significant risk and requires sophisticated understanding. The daily compounding effect and the potential for magnified losses make it unsuitable for retail investors without specialized knowledge. Although it uses physical replication, the leverage and inverse exposure are primary complexity drivers. The high risk indicator (7/7) and warnings about potential total loss further support this classification.",
    "confidence": 95
}