Add the cereal to a mixing bowl and set it aside.

Add the powdered sugar into a large sealable bag and set aside.

Melt the chocolate chips in a microwave-safe bowl by heating in 30-second increments. Stir, then reheat as needed.

Once the chocolate chips are melted, stir in the Nutella. Reheat the mixture for 20 seconds if it needs to be softened.

Pour the chocolate mixture over the cereal and stir to combine.

Once the cereal is coated, put it into the bag with the powdered sugar.

Seal the bag and shake it to coat the cereal.

Pour the coated cereal on a lined baking sheet and let it set before serving or storing. This might take about 30 minutes.