U.S. spot crypto ETFs logged $609.3M in net outflows in the latest session, led by $519.1M from Bitcoin funds. BlackRock’s IBIT saw $388.6M in redemptions, while Ether ETFs shed $90.2M as BTC and ETH fell toward ~$66.9K and ~$1,869, respectively. The two-day tally to start June tops $1B, underscoring how regulated ETF wrappers have become high‑liquidity risk levers in traditional portfolios when momentum turns.
Source: FinanceFeeds
Kraken to launch first CFTC‑regulated crypto perpetuals in the U.S.
Kraken plans to bring the market’s most popular crypto derivatives product onshore, listing CFTC‑regulated perpetual futures in the U.S. via its newly acquired Bitnomial venue. The lineup will extend beyond BTC and ETH to assets like SOL, XRP, ADA, LINK, DOGE, LTC and AVAX, integrated alongside spot, margin and CME‑listed futures in a single interface. With crypto perps driving $60T+ in 2025 volume largely offshore, a compliant U.S. venue could reshape liquidity and competitive dynamics.
Source: FinanceFeeds
CLARITY Act advances to full Senate, setting up digital‑asset rulebook vote
The Digital Asset Market Clarity Act has been placed on the Senate Legislative Calendar after a 15–9 bipartisan vote in the Banking Committee, making it eligible for floor debate. The bill would draw bright jurisdictional lines (SEC for securities; CFTC for digital commodities), introduce a decentralization “maturity” test, and modernize banking rules for DLT‑based custody and payments. A 60‑vote hurdle and a crowded calendar pose timing risks, but passage would end the SEC’s regulation‑by‑enforcement era and unlock cleaner market access.
Source: FinanceFeeds
CFTC chair seeks to unwind Gemini deal, says prior administration “politically targeted” crypto
CFTC Chair Michael Selig said the agency is “righting wrongs” as it moves to vacate a $5M settlement with Gemini, calling the Biden‑era enforcement “political targeting” of firms like the Winklevoss‑led exchange. Reopening a settled case is “extraordinarily unusual” and could reset expectations for how durable crypto enforcement outcomes are under changing leadership. The CFTC is simultaneously taking a lead on 24/7 crypto market policy and regulated perps, putting more weight on its current posture.
Source: FinanceFeeds
Bank of America names global head of digital asset transformation
Bank of America appointed 20‑year veteran Adam Dixon to coordinate the bank’s crypto, tokenization and DLT agenda, spanning tokenized deposits, stablecoins, digital collateral mobility, trading, settlement and custody. Based in London, Dixon brings experience from steering BoA’s Brexit trading transition—relevant as tokenized assets intersect with markets, collateral and cross‑border settlement. The move signals Wall Street’s shift from research to enterprise‑scale implementation.
Source: FinanceFeeds
Franklin Templeton, MoonPay connect tokenized funds to stablecoin rails
Franklin Templeton’s Benji platform is integrating with MoonPay Trade to let eligible institutions move on‑chain between stablecoins and tokenized money market fund exposure. The tie‑up deepens the convergence of stablecoin liquidity and tokenized treasuries—one of the fastest‑growing RWA segments—by marrying yield, programmability and blockchain settlement. It’s a step toward treating tokenized funds as infrastructural building blocks for treasury, collateral and liquidity workflows.
Source: FinanceFeeds
SmartStream debuts agentic AI that cuts exception handling time by 97%
In Tier‑1 pilots, SmartStream’s new “Smart Agents” platform reduced exception investigations from 14 minutes to ~30 seconds, with 50–70% automation projected in year one. The agentic AI integrates into reconciliations and settlement workflows, executing end‑to‑end tasks with full audit logs and human‑in‑the‑loop controls. It underscores how back‑office AI is moving beyond chatbots into operational heavy lifting as banks tackle escalating post‑trade complexity.
Source: FinanceFeeds
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