Direxion Files El Niño, La Niña, and Doomsday ETFs in a Wild New Batch
As seen on the 24/7 Wall St. homepage on September 22, 2026.
Bloomberg's top ETF analyst flagging Direxion filings for hurricane, drought and prediction-market funds shows thematic launches have moved past stocks entirely, with the SEC's novel-ETF review deciding if they ever trade.
INVEST IN THE WEATHER: Direxion just filed for an El Nino ETF, which track will track hurricanes etc and a La Nina ETF, which will track droughts etc. As well as an AI Prosperity and Doomsday ETFs which will track prediction markets on state of ETF on society. What a country.. https://t.co/TdM01URjyp https://t.co/81OHxyFD6i [Quoted @MstarBenJohnson]: El Niño ETF filing just dropped. https://t.co/3psd17yV4J https://t.co/AlmyyZiBvx
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Direxion has filed for a set of ETFs that push thematic investing into entirely new territory. The lineup includes an El Niño ETF designed to track hurricanes and related weather events, a La Niña ETF tied to droughts and similar conditions, and two funds linked to prediction markets: an AI Prosperity ETF and a Doomsday ETF meant to track forecasts about the state of society.
The filings caught the attention of Eric Balchunas, Bloomberg's closely followed ETF analyst, who flagged them on X alongside a note from Morningstar's Ben Johnson, who first spotted the El Niño filing. That kind of back-to-back signal from two prominent ETF watchers suggests these are not easy to dismiss as fringe experiments.
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None of the proposed funds track stocks in any conventional sense. The weather ETFs would follow climate phenomena, while the AI Prosperity and Doomsday funds would draw on prediction markets, essentially turning crowd-sourced probability estimates into investable instruments.
The critical hurdle is the SEC. Novel ETF structures go through an extended review process, and there is no guarantee any of these funds ever reach investors. The agency has historically scrutinized products whose underlying exposures are difficult to value or regulate, so the filings signal where the industry wants to go.