"Big Short" Michael Burry is suspected to have canceled his hedging fund Scion Asset Management.

BlockBeats news, on November 13, according to investing reports, “The Big Short” prototype Michael Burry seems to have deregistered his hedge fund Scion Asset Management with the SEC this week. Burry also hinted at releasing a significant announcement on November 25, although it is currently unclear what he is referring to. Burry posted an image on social media showing that Scion's SEC registration status has been terminated. A letter dated October 27 from Burry to Scion investors outlining the fund's closure has also circulated on social media, but the authenticity of the letter cannot be immediately verified. The SEC deregistration may also indicate that Burry plans to convert Scion into a family office, a type of advisory that does not require SEC registration. Burry also clarified his short position on Palantir, stating he spent about $9.2 million purchasing options for the stock, which will not expire until early 2027. BlockBeats previously reported that on November 4, Michael Burry's hedge fund Scion Asset Management published a 13F filing, showing that Michael Burry believes there is a bubble in the market and is taking action in response. The 13F filing disclosed that the fund's 80% position consists of Nvidia and Palantir put options, with the nominal amount of Palantir put options reaching $912 million (equivalent to 5 million shares), while the nominal amount for Nvidia put options is $186 million.