Arcus Brings Leveraged ETFs to Blockchain with Tokenized Perpetuals

Arcus, a decentralized exchange founded by the dYdX team, has launched leveraged ETF-style contracts on the Robinhood Markets Inc chain. These contracts offer traders amplified exposure to Bitcoin and tokenized stocks.

The product uses pTokens, which convert managed perpetuals accounts into transferable ERC-20 assets. The first offerings include pBTC and pBTC3x, providing 1x and 3x long and short Bitcoin exposure, as well as pHOOD3x, offering 3x long exposure to Robinhood.

Arcus has generated over $2 billion in trading volume since launching on the Robinhood chain July 1, with average daily volume exceeding $100 million.