Intel arc GPUs capable of 4k120hz with VRR over HDMI?

Considering the issues with licensing for HDMI 2.1, I’m looking for a card that can output a true 4k120hz output over HDMI with VRR, 4:4:4 10 bit color, etc. I’m aware that Nvidia GPUs are capable of this, but I’ve heard that the experience on Linux can be somewhat painful. Has anyone tried Intel arc GPUs to see whether they can accomplish this?