I ran the enable feature binning tool on a SQL Feature Class and see in the layer properties that Feature Binning is enabled.

However when I click on the layer with Feature Binning Layer enabled in the Contents Tab, Binning is disabled

The data is in a 2D Map, but the message when hovering over "Binning", a message says it Binning is Currently Disabled. Bins cannot be displayed for layers in the 3D layers category
What am I missing here?
Thanks
Mele