Binance to Support S&P 500 ETF Tokenized Security SPYB Dividend, Dividends to Be Reinvested as Additional Shares

BlockBeats news, September 17 — According to an official announcement, Binance will support the cash dividend distribution for SPDR S&P 500 ETF (SPY) tokenized security SPYB, and eligible SPYB holders will receive corresponding dividend yields.

The announcement shows that users must hold SPYB in the position snapshot at 00:00 (UTC) on September 18, 2026, to be eligible to participate in this dividend distribution. After deducting applicable withholding taxes, fees, costs, and other expenses, the net cash dividend will be reinvested to purchase additional SPYB shares, and users will receive the distribution in the form of SPYB bStocks.

In addition, users holding SPYB on-chain will receive the corresponding dividends through a multiplier adjustment mechanism. Binance will suspend the 1:1 exchange service between SPY and SPYB at 23:30 (UTC) on September 17, 2026, and will also suspend SPYB deposits and withdrawals until the distribution is completed. This distribution will not affect normal SPYB/USDT trading.