Underlying Asset Performance: The ETF's price closely tracks the performance of its underlying assets, typically a specific index. A rise in the index's value will generally lead to an increase in the ETF's price and vice-versa.

Supply and Demand: Market forces of supply and demand influence the ETF's price. Higher demand drives prices up, while increased supply can lower them.

Interest Rates: Changes in interest rates can indirectly impact the ETF's price, especially if the underlying assets are sensitive to interest rate fluctuations. Higher rates can decrease prices.

Economic Indicators: Broad economic indicators such as GDP growth, inflation, and employment rates can influence investor sentiment and indirectly affect the ETF's price through their impact on the underlying assets.

Currency Exchange Rates: If the ETF holds assets denominated in a different currency, fluctuations in exchange rates between the euro (since it is a XETRA listed ETF) and that currency will influence the ETF's price.

Investor Sentiment: Overall market sentiment and investor confidence play a role. Positive sentiment can drive increased investment in the ETF, pushing prices up, while negative sentiment can lead to price declines.

Expense Ratio: Although not a direct driver of daily price changes, the expense ratio (annual fee) impacts the ETF's long-term performance, effectively reducing returns relative to the underlying index.

Geopolitical Events: Major geopolitical events (e.g., wars, political instability) can create market volatility, which can affect the price.

Issuer Reputation: The reputation and stability of the ETF issuer can impact investor confidence and demand for the ETF.