According to @EricBalchunas, Gabe Plotkin’s new firm Snowball Advisors has filed for The Snowball ETF as a highly concentrated active equity fund. According to the SEC preliminary prospectus, the strategy targets 15 to 25 companies selected via fundamental analysis and valuation models, with Snowball Advisors as sub-adviser and Gabe Plotkin as portfolio manager. According to the SEC preliminary prospectus, the expected effective date is March 9, 2026, while the ticker and fees were not disclosed in the preliminary filing, a detail also noted by @ETFhearsay. According to @ETFhearsay, Plotkin previously founded Melvin Capital, which was a casualty of the GameStop squeeze in 2022, a context equity traders may track for sentiment. According to the SEC preliminary prospectus, the mandate is equity-focused and does not state digital-asset exposure, indicating no direct crypto holdings in this ETF and a neutral direct impact on crypto flows.