BJK VanEck Vectors Gaming ETF

SECURITIES EXCHANGE COMMISSION
Washington, DC 20549

Under the Securities Exchange Act of 1934
(Amendment No. 0)

MARKET VECTORS ETF TRUST
(Name of Issuer)

MARKET VECTORS-COAL ETF
(Title of Class of Securities)

Date of Event Which Requires Filing of this Statement
JANUARY 28, 2008

Check the appropriate box to designate the rule
pursuant to which this Schedule is filed

[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)

 IRS Identification 000000000
 No. of Above

2) Check the Appropriate Box (a)
 of A Member of Group
 (See Instructions) (b)

3) SEC Use Only

4) Citizenship of Place of
 Organization Italy

 Number of (5)Sole Voting
 Shares Power 15,000
 Beneficially Owned (6)Shared Voting
 by Each Reporting Power 0
 Person With (7)Sole Disposi-
 tive Power 15,000
 (8)Shared Disposi-
 tive Power 0

9) Aggregate Amount Beneficially 15,000
 Owned by Each
 Reporting Person

10) Check if the aggregate Amount in Row (9) Exclude Certain Shares (See
 Instructions)

11) Percent of Class Represented
 By Amount in Row 9. 6.0%

12) Type of Reporting
 Person (See Instructions) HC

Item 1(a) Name of Issuer.

MARKET VECTORS ETF TRUST

Item 1(b) Address of Issuer's Principal Executive Offices:

99 PARK AVENUE
8TH FLOOR
NEW YORK, NY 10016
UNITED STATES

Item 2(a) Name of Person Filing:

Unicredito Italiano S.p.A.

Item 2(b) Address of Principal Business Office:

Piazza Cordusio 2
20123 Milan, Italy

Item 2(c) Citizenship:

Italy

Item 2(d) Title of Class of Securities:

MARKET VECTORS-COAL ETF

Item 2(e) Cusip Number:

57060U837

Item 3 The person filing this statement pursuant to Rule 13d-1(b)
or 13d-2(b) is:

(Inapplicable)

Item 4. Ownership.

(a) Amount Beneficially Owned: 15,000

(b) Percent of Class: 6.0%

(c) Number of shares as to which such person has

(i) sole power to vote or to direct the vote 15,000

(ii) shared power to vote or to direct vote 0

(iii) sole power to dispose or to direct disposition of 15,000

(iv) shared power to dispose or to direct disposition 0

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date Hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check here:

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

The interest of one person, Pioneer Global Long/Short Equity Fund, an open-end fund incorporated in Ireland, in shares of Market Vectors-Coal ETF, amounted to 15,000 shares or 6.0% of the total outstanding shares at January 28, 2008.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported On By the Parent Holding Company.

Inapplicable.

Item 8. Identification and Classification of Members of the Group.

Inapplicable.

Item 9. Notice of Dissolution of the Group.

Inapplicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of my knowledge and belief,I certify that the information set forth in this statement is true, complete and correct.

Date
JANUARY 31, 2008

/s/Dario Frigerio
Name: Dario Frigerio
Title: Head of Private Banking and Asset Management Division

/s/Paolo Fiorentino
Name: Paolo Fiorentino
Title: Head of Global Banking Services Division

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