thedailyupside.com·Apr 29, 2026
Gabe Plotkin, the former hedge fund manager of Melvin Capital, is launching the Snowball ETF, which aims for long-term capital appreciation by focusing on 15 to 25 growth companies. The fund will utilize a 351 exchange strategy to defer capital gains taxes on appreciated assets, reflecting a growing trend in the ETF market.
Gabe Plotkin is launching the Snowball ETF, utilizing a 351 exchange to potentially defer capital gains taxes by moving appreciated assets into the ETF, a strategy gaining traction among affluent investors. This could be a strategic consideration for those looking to optimize tax efficiency in their portfolios while transitioning into new investment strategies.