Intel has provided hardware accelerated ray tracing to Blender 3.6 LTS with the inclusion of Intel Embree, the long standing rendering library from Intel, now with support for Intel GPUs, including Intel Arc.
Relevant Links
Download Blender 3.6 at http://blender.org
Intel Embree: http:embree.org
Intel Rendering Toolkit: http://intel.com/oneAPI-RenderKit
Intel Open Image Denoise: https://www.openimagedenoise.org/
oneAPI: https://www.oneapi.io/
Intel Arc: http://arc.intel.com