As filed with the Securities and Exchange Commission on February 7, 2008

Securities Act File No. 333-123257
Investment Company Act File No. 811-10325

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A
  REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x
  Pre-Effective Amendment No.  
  Post Effective Amendment No. 20 x
  and/or  
  REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940   x
  Amendment No. 24 x

(Check appropriate box or boxes)

MARKET VECTORS ETF TRUST
(Exact Name of Registrant as Specified in its Charter)

99 Park Avenue, 8 th Floor
New York, New York 10016
(Address of Principal Executive Offices)
(212) 687-5200
Registrant’s Telephone Number

Joseph J. McBrien, Esq.
Senior Vice President and General Counsel
Van Eck Associates Corporation
99 Park Avenue, 8 th Floor
New York, New York 10016
(Name and Address of Agent for Service)

Copy to:
Stuart M. Strauss, Esq.
Clifford Chance US LLP
31 West 52 nd Street
New York, New York 10019
Approximate Date of Proposed Public Offering: As soon as practicable after the effective date of this registration statement.

IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)

    Immediately upon filing pursuant to Paragraph (b) of Rule 485.
x   On February 15, 2008 pursuant to Paragraph (b) of Rule 485.
    60 days after filing pursuant to Paragraph (a)(1) of Rule 485.
    On [date] pursuant to Paragraph (a) of Rule 485.
    75 days after filing pursuant to Paragraph (a)(2) of Rule 485.
    On [date] pursuant to Paragraph (a) of Rule 485.

EXPLANATORY NOTE

      The sole purpose of this filing is to delay the effectiveness of the Trust’s Post-Effective Amendment No. 15 to its Registration Statement until February 15, 2008. Parts A, B and C of Registrant’s Post-Effective Amendment No. 15 under the Securities Act of 1933 and No. 19 under the Investment Company Act of 1940, filed on November 5, 2007, are incorporated by reference herein.

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SIGNATURES

      Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 7th day of February, 2008.

      MARKET VECTORS ETF TRUST
 
  By:   /s/ Keith J. Carlson*  
      Keith J. Carlson
      President and Chief Executive Officer

      Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following person in the capacities and on the date indicated.

/s/ David H. Chow*   Trustee   February 7, 2008
David H. Chow        
 
/s/ R. Alastair Short*   Trustee   February 7, 2008
R. Alastair Short        
 
/s/ Richard D. Stamberger*   Trustee   February 7, 2008
Richard D. Stamberger        
 
/s/ Jan F. van Eck*   Trustee   February 7, 2008
Jan F. van Eck        
 
    President and   February 7, 2008
/s/ Keith J. Carlson*   Chief Executive Officer    
Keith J. Carlson        
 
/s/ Bruce J. Smith*   Chief Financial Officer   February 7, 2008
Bruce J. Smith        
 
*By:/s/ Jonathan R. Simon        
      Jonathan R. Simon        
      Attorney-in-Fact        

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