Last Week Recap: Updates on ETF, ECB, SIX, CySEC, Trade Nation, Morgan Stanley and FCA

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

U.S. Spot Crypto ETFs Record $238 Million Inflow, Snapping Outflow Streak

Major U.S. spot crypto exchange-traded funds (ETFs) recorded a net inflow of approximately $238.4 million on Friday, marking a potential shift in sentiment following weeks of sustained capital withdrawals.

ECB Warns Stablecoins Could Disrupt Eurozone Banking Stability

The European Central Bank has issued renewed warnings that the rising use of stablecoins could pose risks to banking stability and monetary-policy transmission within the euro area. In its latest Financial Stability Review, the ECB said that although stablecoins remain limited in size, their expanding role in crypto trading and payments could create systemic vulnerabilities.

SIX Acquires Baymarkets to Strengthen Clearing Technology Capabilities

SIX has acquired Baymarkets AS, a move aimed at accelerating the group’s clearing technology development and reinforcing its position as a pan-European post-trade provider.

CySEC Settles €35,000 Case with Squared Financial Over CFD Retail Restrictions

The Cyprus Securities and Exchange Commission (CySEC) has reached a €35,000 settlement with Squared Financial (CY) Ltd regarding a possible violation of EU Regulation 600/2014 (MiFIR).

Kypros Zoumidou Appointed Managing Director at Trade Nation

Trade Nation is pleased to announce the appointment of Kypros Zoumidou as Managing Director, bringing extensive leadership experience in the financial services industry to the role.

Morgan Stanley Fined €101 Million in Dutch Tax Case, Faces Separate FINRA Review

Morgan Stanley has agreed to pay a €101 million fine imposed by the Dutch Public Prosecutor (OM) over alleged dividend tax evasion involving its London and Amsterdam entities. The OM stated that the matter stemmed from corporate filings "more than 12 years ago," and that the structure used enabled ineligible parties to improperly claim Dutch dividend tax rebates.

FCA Signals Accelerated Push Toward Full UK Crypto Regulation

David Geale, the FCA’s Executive Director for Payments and Digital Finance, said the UK is “open for business” as it moves to bring cryptoassets and stablecoins fully within its regulatory perimeter. Speaking at a City & Financial Global event, Geale described the current moment as a turning point where legislation, policy design and industry input are converging to establish a balanced regulatory framework.