Underlying Index Performance: The primary driver is the performance of the index T3KE.F tracks. If the index rises, the ETF price typically increases. Conversely, if the index declines, the ETF price typically falls. Supply and Demand: Market forces of supply and demand play a role. High demand for T3KE.F can push its price above its net asset value, while increased selling pressure can lower the price below its NAV. Net Asset Value (NAV): The NAV represents the total value of the ETF's holdings, less liabilities, divided by the number of outstanding shares. The ETF price generally fluctuates around the NAV. Currency Exchange Rates: As T3KE.F likely invests in foreign assets, currency fluctuations can impact its price. A strengthening local currency would reduce the value of foreign assets when converted, and vice versa. Market Sentiment: Broad market sentiment, including risk appetite, can influence ETF prices. Positive sentiment often leads to increased investment in ETFs, while negative sentiment can trigger sell-offs.