{
    "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 trading focus"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex under MiFID II due to its leveraged 2x exposure, daily rebalancing mechanism, and high-risk profile. While it uses physical replication (owning the underlying NVIDIA stock with margin), the 2x leverage and compounding effects make it unsuitable for retail investors without sophisticated knowledge. The KIID explicitly states it is 'not simple and may be difficult to understand,' and the risk indicator is at the highest level (7/7). The recommended holding period of 1 day and warnings about potential losses exceeding expectations further support the complex classification. The PRIIPs KID reinforces this with additional risk disclosures and a comprehension warning. The fact that it is not UCITS-compliant also aligns with a complex classification.",
    "confidence": 95
}