{
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "synthetic",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Swaps",
        "Daily Compounding",
        "High Risk Profile",
        "Counterparty Risk"
    ],
    "classification": "complex",
    "supporting_data": "The GraniteShares 3x Long Alibaba Daily ETP is a leveraged product that seeks to provide 3 times the daily performance of Alibaba Group Holding Limited shares. It uses synthetic replication via a swap agreement with Natixis, which introduces counterparty risk. The product has a high-risk profile (7 out of 7) and involves daily compounding, which can lead to significant deviations from the expected leveraged returns over longer periods. The use of leverage and derivatives, along with the complexity of daily rebalancing and compounding effects, makes this product difficult for retail investors to understand fully. Additionally, the product is not UCITS-compliant, further indicating its complexity.",
    "confidence": 95
}