pTokens are an ERC-20 primitive built on Arcus, a spot and perpetuals decentralized exchange operating on Robinhood Chain. Each pToken tokenizes an Arcus perpetuals account, so fractional, freely tradable shares in that account's assets and open positions can trade like any other token. Holding a pToken gives leveraged exposure to a target market and leverage level without needing to open a perpetuals account, post collateral, monitor margin, or manage rebalancing directly. The account behind each pToken is rebalanced automatically whenever its exposure drifts past a set threshold, keeping it close to its stated target.

Arcus BTC (1x Short) is classified under Leveraged Token, Robinhood Ecosystem.

SBTC is issued on Robinhood, where its contract address is published on this page.

Arcus BTC (1x Short) ranks #8980 by market capitalisation, which places it outside the top 500 by market value.

190 SBTC are in circulation with no fixed maximum supply.

SBTC turns over $968.64 in a typical day against a market capitalisation of $18,000.

Across the 2 days of price history recorded here so far, SBTC has traded between $92.75 and $95.52 — a spread of 3%.

SBTC trades on 1 market across the exchanges we track.