Place the cereal in a large mixing bowl and set aside.

In a microwave-safe bowl or small saucepan, melt the chocolate chips and peanut butter together until smooth, stirring frequently to avoid burning.

Pour the melted mixture over the cereal and gently fold until all pieces are evenly coated.

Sprinkle the protein powder over the coated cereal and toss gently until fully covered.

Spread the mixture out on a baking sheet or tray and allow it to cool completely so the coating sets.

Once cooled, break apart any clumps and enjoy.