As filed with the Securities and Exchange Commission on October 13, 2023

1933 Act File No. 333-150525

1940 Act File No. 811-22201

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933		[ X ]
Pre-Effective Amendment No.		[  ]
Post-Effective Amendment No.	399	[ X ]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940		[ X ]
Amendment No.	401	[ X ]

(Check appropriate box or boxes.)

DIREXION SHARES ETF TRUST

(Exact name of Registrant as Specified in Charter)

1301 Avenue of the Americas (6^th Avenue), 28^th Floor

New York, New York 10019

(Address of Principal Executive Office) (Zip Code)

Registrant’s Telephone Number, including Area Code: (646) 572-3390

Angela Brickl

1301 Avenue of the Americas (6^th Avenue), 28^th Floor

New York, New York 10019

(Name and Address of Agent for Service)

Copy to:

Stacy L. Fuller

K&L Gates LLP

1601 K Street, NW

Washington, DC 20006

It is proposed that this filing will become effective (check appropriate box)

[  ] immediately upon filing pursuant to paragraph (b)

[ X ] on October 20, 2023 pursuant to paragraph (b)

[  ] 60 days after filing pursuant to paragraph (a)(1)

[  ] on (date) pursuant to paragraph (a)(1)

[  ] 75 days after filing pursuant to paragraph (a)(2)

[  ] on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

[ X ] This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXPLANATORY NOTE

Designation of New Effective Date for Previously Filed Amendment

Post-Effective Amendment No.  397 (the “Amendment”) was filed pursuant to Rule 485(a)(2) under the Securities Act of 1933, as amended, on August 2, 2023, and pursuant to Rule 485(a)(2) would become effective on October 16, 2023.

This Post-Effective Amendment No.  399 incorporates by reference the information contained in Parts A, B, and C of the Amendment.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, (the “Securities Act”) and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 399 to its Registration Statement meets all the requirements for effectiveness pursuant to Rule 485(b) of the Securities Act, and the Registrant has duly caused this Post-Effective Amendment No. 399 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and the State of New York on October 13, 2023.

DIREXION SHARES ETF TRUST
By:	/s/ Patrick J. Rudnick*
	Patrick J. Rudnick
	Principal Executive Officer

Pursuant to the requirements of the Securities Act, this Post-Effective Amendment No. 399 to its Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

Signature		Title	Date
/s/ Daniel D. O’Neill*		Chairman of the Board	October 13, 2023
Daniel D. O’Neill
/s/ Angela Brickl		Trustee	October 13, 2023
Angela Brickl
/s/ David L. Driscoll*		Trustee	October 13, 2023
David L. Driscoll
/s/ Kathleen M. Berkery*		Trustee	October 13, 2023
Kathleen M. Berkery
/s/ Mary Jo Collins*		Trustee	October 13, 2023
Mary Jo Collins
/s/ Carlyle Peake*		Trustee	October 13, 2023
Carlyle Peake
/s/ Patrick J. Rudnick*		Principal Executive Officer	October 13, 2023
Patrick J. Rudnick
/s/ Corey Noltner*		Principal Financial Officer	October 13, 2023
Corey Noltner
*By: /s/ Angela Brickl

Attorney-In-Fact pursuant to the Power of Attorney filed with Post-Effective Amendment No. 387 to the Trust’s Registration Statement filed with the SEC on February 24, 2023.