A device for feeding yarn to a textile machine, including a main body defining an entry portion and an exit portion for yarn; a rotatable drum for winding the yarn originating from the entry portion and a motor connected to the drum for rotating the drum; a control member active at least on the motor to regulate its torque and velocity; exit portion being selectively switchable between a first configuration in which it defines a free exit section for the yarn, through which the exiting yarn defines a closed path about a rotation axis of the drum, and a second configuration in which it defines a limited exit section, through which the exiting yarn defines an open path.