Exhibit 23.1
CONSENT OF REED SMITH LLP
We hereby consent to the reference to our firm in the “Legal Matters” section of the prospectus included in Post-Effective Amendment No. 2 to the Registration Statement on Form S-1 for Direxion Shares ETF Trust II (333-168227). We do not admit by giving this consent that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933.
/s/ Reed Smith LLP
REED SMITH LLP
October 28, 2014