Underlying Asset Performance: The price of the 30IG.XETRA ETF is primarily driven by the performance of the 30 German blue-chip stocks that comprise the DAX index, which it tracks. Their price fluctuations directly impact the ETF's value. Supply and Demand: Market forces of supply and demand for the ETF itself also play a role. Higher demand generally pushes the price up, while increased selling pressure can lower it. Investor Sentiment: Overall investor sentiment towards the German stock market and economy influences demand for the ETF. Positive sentiment tends to increase demand, whereas negative sentiment may lead to selling. Currency Fluctuations: Since the ETF invests in German companies, changes in the Euro to other currencies, like USD, can impact the ETF's price, especially for international investors. Expense Ratio and Tracking Error: The ETF's expense ratio and its ability to accurately track the DAX index (tracking error) can influence its price relative to the index. Dividend Payouts: Dividend payouts from the underlying companies can affect the ETF's net asset value and consequently its price.