Exhibit 99.j(1)

           CONSENT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED PUBLIC
                                ACCOUNTING FIRM

We  consent  to the  references  to  our  firm  under  the  captions  "Financial
Highlights"  and  "General  Information"  in the  Prospectus  and  "Counsel  and
Independent  Registered  Public  Accounting Firm" in the Statement of Additional
Information in  Post-Effective  Amendment No. 24 to the  Registration  Statement
(Form N-1A, No. 333-123257) of Market Vectors ETF Trust and to the incorporation
by reference of our report dated March 4, 2008 on Market  Vectors-  Agribusiness
ETF,  Market  Vectors-   Environmental  Services  ETF,  Market  Vectors-  Global
Alternative Energy ETF, Market Vectors- Gold Miners ETF, Market Vectors- Nuclear
Energy ETF,  Market Vectors- Russia ETF, and Market Vectors- Steel ETF (seven of
the Funds of Market  Vectors  ETF  Trust)  included  in the  Annual  Reports  to
Shareholders for the fiscal year ended December 31, 2007.


                                                   /s/ Ernst & Young LLP
                                                   ---------------------
                                                   ERNST & YOUNG LLP

New York, NY
April 21, 2008