Exchanges· ★★· neutral·

Binance Reinvests Dividends of Four Tokenized Leveraged ETFs Into Extra Tokens

  • —Dividends on SOXSB, MUUB, TQQQB and SQQQB are reinvested in tokens of the same asset
  • —Snapshots: Sept. 22 for SOXSB and MUUB, Sept. 23 for TQQQB and SQQQB
  • —Deposits, withdrawals and bStocks conversions paused 30 minutes before each snapshot
  • —Spot trading in these products was not halted
Why it matters: Binance is widening corporate-action handling for tokenized products, setting a precedent for the tokenized equities and ETF market.
Source: TokenPost
More on this
Exchanges · 10:30
Metaplanet shares jump 21% as bitcoin rallies over Japanese holiday
 Exchanges · 10:00
JR Kyushu and SBI to Launch Financial App With Crypto Support
 Exchanges · 09:57
Ark Invest adds 5,589 units of 3iQ Solana staking ETF worth $51K