Melt the butter and chocolate chips in ta saucepan over medium-low heat.
Remove from the heat and stir in the Nutella.
Then slowly pour the slightly warm mixture over the cereal in a large mixing bowl. Gently use a large spatula to thoroughly combine. Take care not to crush the cereal while mixing.
Add 1/2 of the cereal mixture to a gallon-sized resealable plastic bag with 1 cup of the confectionary sugar and shake. Make sure everything is coated well. Open the bag and pour out onto a sheet pan.
Repeat the coating process with the rest of the cereal mix and remaining confectionary sugar in the plastic resealable bag. Once finished, pour it onto the sheet pan as well to completely cool.
Scoop into a serving bowl before serving. If you want to be creative, place it in a low profile bowl, similar to a dog dish. EnJOY!