{
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Leverage 2x",
        "Daily rebalancing",
        "High volatility risk",
        "Short-term holding recommendation"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its 2x leverage structure, which magnifies both gains and losses. The daily rebalancing mechanism introduces compounding effects that can lead to unexpected returns over longer holding periods. The recommended holding period of 1 day and the high-risk profile (risk indicator 7/7) further indicate complexity. While the replication method is physical (direct ownership of the underlying asset), the leverage and the potential for significant losses make this product unsuitable for retail investors without sophisticated knowledge. The PRIIPs KID and factsheet confirm the high-risk nature and the need for daily monitoring, which are hallmarks of complex products under MiFID II.",
    "confidence": 90
}