Direxion Shares ETF Trust
1301 Avenue of the Americas (6th Avenue)
28th Floor
New York, NY 10019
May 18, 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
Request for Withdrawal of Post-Effective Amendment to the Trust’s Registration Statement on Form N-1A
Dear Sir or Madam:
Pursuant to Rule 477 under the Securities Act of 1933, as amended, the Trust hereby respectfully requests withdrawal of Post-Effective Amendment No. 392 to the Trust’s Registration Statement on Form N-1A (the “Amendment”), which was filed with the Securities and Exchange Commission (Accession No. 0001193125-23-140882) on May 10, 2023. The Amendment relates to the Direxion Ether Strategy ETF (the “Fund”).
The Trust no longer intends to seek effectiveness of the Fund and no securities of the Fund were sold, or will be sold, pursuant to the above-mentioned Amendment.
Accordingly, we request that the Commission issue an order granting withdrawal of the Amendment effective as of the date first set forth above or at the earliest practicable date hereafter.
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 LLP at (202) 778-9475.
Sincerely,
/s/ Alyssa Sherman
Alyssa Sherman
Secretary
Direxion Shares ETF Trust