Direxion Files for ETF Tracking AI-Driven Economic Downside

Direxion has filed for the actively managed Direxion AI Doomsday Prediction Markets ETF, designed to gain exposure to prediction-market contracts tied to potential economic, labor and corporate contractions stemming from AI. At least 80% of assets would provide exposure to event contracts covering themes such as AI development and adoption, unemployment and job cuts, GDP and inflation, computing infrastructure and stock-market drawdowns. The fund would primarily use total return swaps referencing event contracts whose prices reflect market-implied probabilities. Positions may be continually rolled as contracts approach settlement, while certain exposure may be obtained through a Cayman subsidiary capped at 25% of assets.