QUICK SPARK: Arcus Launches ETF-Style Tokens for 3X Bitcoin, Robinhood Exposure

Arcus, a decentralized exchange built by the team behind dYdX, launched leveraged contracts on Robinhood Markets Inc ) 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.• Robinhood Markets stock is surging to new heights today. QUICK CONTEXT: Leveraged ETFs Move OnchainLeveraged 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.The launch also taps into a broader push to make tokenized assets more useful as collateral. More than half of global financial institutions are expected to be actively managing live tokenized collateral by the end of 2026, according to Nasdaq. Arcus is positioning its product at the intersection of that trend and the growing market for tokenized stocks and crypto assets.For ETF investors, the bigger takeaway is the product design: leveraged exposure is increasingly being packaged into simple, transferable wrappers — and blockchain markets are now experimenting with their own version of the leveraged ETF.Photo: Shutterstock Read Also: