{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares Blockchain Technology UCITS ETF is a UCITS-compliant, physically replicated ETF that aims to track the NYSE FactSet Global Blockchain Technologies Capped Index by holding the underlying equity securities in similar proportions. The use of derivatives is explicitly stated to be for direct investment purposes only, not as a central or synthetic replication strategy. There is no indication of significant leverage, embedded derivatives, swaps, or other complex features. The structure, risks, and investment objective are straightforward and transparent, consistent with the typical non-complex classification for UCITS ETFs under MiFID II[1]. The ETF does not hold complex bonds, contingent convertible bonds, or structured products that would introduce opacity or advanced risks. The index tracked is a transparent, rules-based equity index, further supporting the non-complex classification. Securities lending is mentioned as a secondary activity, managed within UCITS rules, and does not dominate the risk profile. All these elements align with the criteria for non-complex instruments under Article 57 of the MiFID II Delegated Regulation and the general presumption for UCITS ETFs[1][2]."
}