Underlying Asset Performance: SP2D tracks a specific index. The ETF's price is directly influenced by the performance of the assets within that index. If the index goes up, SP2D's price tends to increase, and vice versa. Supply and Demand: Like any traded security, SP2D's price is subject to the forces of supply and demand. Higher demand typically leads to a higher price, while increased supply can depress the price. Market Sentiment: Overall market sentiment, whether bullish or bearish, can affect SP2D. Positive market sentiment generally supports higher prices, while negative sentiment can lead to price declines. Currency Exchange Rates: Since SP2D trades on the XETRA exchange, currency exchange rates between the euro and any currencies in which the underlying assets are priced can affect its price. Expense Ratio & Tracking Error: The ETF's expense ratio and tracking error can slightly impact its returns relative to the underlying index, potentially influencing its price over time.