NYSE Arca Files Form 25 to Remove Two Direxion Leveraged ETFs

Rhea-AI Filing Summary

Direxion Shares ETF Trust has filed a Form 25 (Notification of Removal from Listing) dated 30 Jul 2025 to strike two leveraged ETFs—Direxion Daily Cloud Computing Bull 2X Shares and Direxion Daily Travel & Vacation Bull 2X Shares—from listing and registration on NYSE Arca under Section 12(b) of the Exchange Act. NYSE Arca certifies that it and the issuer have fulfilled the Rule 12d2-2 procedures governing either exchange-initiated or voluntary delistings. The notice contains no financial results, rationale, or information on alternative trading venues; it simply confirms the administrative completion of the delisting process.

Positive

• None.

Negative

• Removal from NYSE Arca reduces liquidity and may force trading to less transparent OTC venues, negatively affecting current investors.
• No rationale or future plan disclosed, leaving holders uncertain about fund viability and exit strategies.

Insights

Exchange-Traded Products Analyst

TL;DR: Two Direxion leveraged ETFs are officially delisted from NYSE Arca; liquidity and visibility will likely decline.

The Form 25 filing finalizes the removal of the Cloud Computing Bull 2X and Travel & Vacation Bull 2X ETFs from NYSE Arca. Delisting eliminates exchange-based liquidity, market-maker support, and margin eligibility, typically pushing shares to the OTC market where spreads widen and volumes drop. Investors still holding these funds face higher execution costs and possible forced sales depending on brokerage policies. Although the filing notes procedural compliance, it offers no explanation—such as low AUM or strategic restructuring—leaving uncertainty regarding fund continuity. From a portfolio perspective, the action is materially negative for current shareholders but has minimal impact on Direxion’s larger product suite.

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-34160

Issuer:	Direxion Shares ETF Trust
Exchange:	NYSE ARCA, INC.

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	1301 Avenue of the Americas 35th Floor
	New York	NEW YORK	10019-6178
Telephone number:

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Direxion Daily Cloud Computing Bull 2X Shares; Direxion Daily Travel & Vacation Bull 2X Shares

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NYSE ARCA, INC. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-07-30	By	Tyler Mastronardi		Analyst, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did NYSE Arca file Form 25 for Direxion ETFs?

The exchange certified that Rule 12d2-2 requirements were met to remove the two ETFs from listing and registration.

Which Direxion ETFs are being delisted?

Direxion Daily Cloud Computing Bull 2X Shares and Direxion Daily Travel & Vacation Bull 2X Shares.

When was the Form 25 filed?

30 July 2025 according to the signature block in the filing.

Does the filing explain why the ETFs are delisting?

No. The Form 25 only confirms procedural compliance; it provides no financial data or delisting rationale.

Can investors still trade these ETFs after delisting?

The filing is silent, but typically such securities migrate to OTC markets, where liquidity is lower and spreads wider.