Global Esports Market Performance: The overall health and growth of the esports industry globally directly impacts ESPO.AU. Positive industry trends typically drive higher ETF prices.

Underlying Holdings Performance: ESPO.AU's price reflects the performance of its constituent companies involved in esports, gaming, and related technology. Strong earnings and positive news from these companies boost the ETF.

Investor Sentiment: General investor sentiment toward technology and growth stocks significantly affects demand for ESPO.AU. Bullish market conditions often lead to increased investment.

Currency Exchange Rates: As some of ESPO.AU's holdings may be international, currency fluctuations between the Australian dollar and other currencies can influence the ETF's value.

Management Fees and Expenses: The expense ratio charged by the ETF provider reduces returns and indirectly affects the price. Lower fees are generally more favorable.

Supply and Demand for ESPO.AU Shares: Increased buying pressure raises the price, while increased selling pressure lowers it. Market liquidity plays a crucial role.

Economic Conditions: Overall economic conditions, including interest rates and inflation, can impact investor appetite for risk assets like ESPO.AU.

Competitive Landscape: The emergence of competing esports ETFs or investment options can dilute investor interest in ESPO.AU, potentially affecting its price.