CoinDesk reported:
Binance said that user requests for withdrawals, once submitted, cannot be cancelled and the process may be slow initially, requiring 15 days to several weeks for completion. Users will receive redeemed ether in their spot wallets while pending BETH tokens locked in pending ETH withdrawal requests won’t be eligible for staking rewards. BETH is a wrapped token issued by Binance that is 1:1 pegged to ETH on the Ethereum blockchain.