Arcus Launches ETF-Style Tokens For 3X Bitcoin, Robinhood Exposure - Robinhood Markets (NASDAQ:HOOD)

Arcus, a decentralized exchange built by the team behind dYdX, launched leveraged, ETF-style contracts on Robinhood Markets Inc (NASDAQ:HOOD) Chain, giving traders a new way to access amplified exposure to crypto and tokenized stocks.

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

The structure mirrors the convenience of leveraged ETFs by packaging complex derivatives exposure into a tradeable token. Arcus said it has generated more than $2 billion in trading volume since launching on Robinhood Chain July 1, with average daily volume above $100 million.

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QUICK CONTEXT: Leveraged ETFs Move Onchain

Leveraged ETFs have become a popular way for investors to gain amplified exposure to stocks, sectors and other assets without directly managing derivatives positions. Arcus is attempting to bring a similar packaging model to blockchain markets through tokenized perpetuals accounts.

Its pTokens represent a pro-rata stake in an Arcus perpetuals account at a fixed market and leverage level, allowing investors to buy and sell the exposure as a spot token. That could make leveraged strategies more accessible while removing some of the operational complexity associated with managing collateral and margin.