Measure cereal and place in a large mixing bowl; set aside.
Pour protein powder, collagen, powdered sugar, cinnamon and Truvia into a gallon- sized resealable bag; seal and shake to combine.
In a microwave-safe bowl, add butterscotch chips, white chocolate chips and coconut oil and microwave for 2 minutes, stirring halfway through. Stir until chocolate chips have melted and mixture is smooth. Pour over cereal and toss to coat.
Carefully pour coated cereal mixture into the bag, seal and shake until completely
coated. Spread on parchment paper to cool, if desired.