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

March 17, 2023

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 Prospectuses and Statements of Additional Information for the Direxion Daily NYSE FANG+ Bear 1X Shares and the Direxion Daily NYSE FANG+ 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 March 14, 2023, filed electronically as Post-Effective Amendment No. 390 to the Trust’s Registration Statement on Form N-1A on March 14, 2023.

If you have any questions concerning the foregoing, please contact Angela Brickl of Rafferty Asset Management, LLC at (646) 572-3463, Alyssa Sherman of Rafferty Asset Management, LLC at (646) 572-3633, or Stacy L. Fuller of K&L Gates at (202) 778-9475. 

Sincerely,

DIREXION SHARES ETF TRUST

/s/ Alyssa Sherman

Secretary

Rafferty Asset Management, LLC