According to @StockMKTNewz, Michael Burry’s Scion Asset Management terminated its SEC investment adviser registration effective November 10, 2025, as reflected in a filing on the SEC website, source SEC filing. US rules generally require investment advisers with more than 100 million dollars in regulatory assets under management to register with the SEC, source SEC. For traders, this confirms Scion no longer appears as an active SEC-registered adviser, a status change highlighted in financial news coverage, source Bloomberg. The SEC filing did not cite any cryptocurrency exposure or direct impact on BTC or ETH, source SEC filing.

According to @AltcoinGordon, a young hedge fund manager said they plan to allocate more to crypto and begin buying meme coins, acknowledging perceived risk but targeting a Q1 2026 start; source: @AltcoinGordon on X, Sep 30, 2025. According to @AltcoinGordon, he described meme coins as the best opportunity right now, and the manager agreed before setting the Q1 2026 buying timeline; source: @AltcoinGordon on X, Sep 30, 2025. According to @AltcoinGordon, this points to at least one hedge fund preparing a defined timeline for meme coin accumulation, a detail traders can track for timing and flow considerations; source: @AltcoinGordon on X, Sep 30, 2025.

According to BitMEX Research, investing in hedge funds that charge performance fees on unrealized gains is highly disadvantageous for investors. This practice can significantly erode potential returns, making it a critical consideration for crypto traders when evaluating investment options.