For the cake: Preheat oven to 350 degrees.
Stir together 1 tablespoon melted butter and 1 tablespoon flour, then use a pastry brush to thoroughly coat all surfaces of a Bundt pan. Take your time; coat every curve. Care taken with this step will be rewarded.
In a medium bowl, whisk together 3 cups flour, salt, baking powder and baking soda. Set aside.
In a small bowl, combine melted chocolate and 1/3 cup Nutella, stirring until well-blended. Set aside.
In the bowl of a stand mixer, combine the 8 ounces of butter pieces and sugar, and mix together, starting on low speed then gradually increasing to medium for 3 to 4 minutes, or until mixture is light-colored and crumbly. Don't skimp on this step; it ensures a light texture.