Dynamic batching option not available in project settings

On one of my project, the Dynamic batching option is not available in the project settings.

This is on Unity editor 2020.3.30f1.

Am I missing something for that option to be available?
I am unable to find an answer googling this issue.

Check the URP asset

I have it checked in the URP asset, and it is selected to be the rendering asset in Project settings > Quality.
It didn’t seen to do the trick, is there something else i need to do?