Exhibit 99.i(7)

                        CONSENT OF CLIFFORD CHANCE US LLP

We hereby  consent  to the  reference  to our firm under the  captions  "General
Information"  in the Prospectus and "Counsel and Independent  Registered  Public
Accounting Firm" in the Statement of Additional Information comprising a part of
Post-Effective  Amendment  No. 24 to the Form  N-1A  Registration  Statement  of
Market Vectors ETF Trust, File No.  333-123257.  We do not thereby admit that we
are within the category of persons whose consent is required  under Section 7 of
the  Securities  Act of 1933 or the rules and  regulations of the Securities and
Exchange Commission thereunder.


/s/ Clifford Chance US LLP

New York, New York
April 25, 2008