Rafferty Asset Management, LLC
1301 Avenue of the Americas (6th Avenue), 28th Floor
New York, New York 10019

January 26, 2024

FILED VIA EDGAR

United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549-1004

Re: Direxion Shares ETF Trust (the “Trust”)
File Nos.: 333-150525 and 811-22201

Dear Sir or Madam:

Pursuant to Rule 497(j) under the Securities Act of 1933 (the “Act”), the Trust hereby certifies that the forms of the Prospectus and Statement of Additional Information for the Direxion Daily MAGMA Bull 2X Shares, Direxion Daily AI and Big Data Bull 2X Shares, Direxion Daily AI and Big Data Bear 2X Shares, Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares and Direxion Daily MSCI Emerging Markets ex China Bear 2X Shares that would have been filed under Rule 497(b) or (c) under the Act would not have differed from the documents each dated January 22, 2024, filed electronically as Post-Effective Amendment No. 405 to the Trust’s Registration Statement on Form N-1A on January 22, 2024.

If you have any questions concerning the foregoing, please contact Angela Brickl of Rafferty Asset Management, LLC at (646) 572-3463 or Stacy L. Fuller of K&L Gates at (202) 778-9475. 

Sincerely,

DIREXION SHARES ETF TRUST

/s/ Angela Brickl

President

Rafferty Asset Management, LLC