Fund Performance: Past and present performance influences investor demand. Strong returns often lead to higher prices as more investors buy shares.

Underlying Asset Values: TRD1.F's price is directly tied to the value of its underlying holdings. If the value of those assets increases, the ETF price should rise.

Supply and Demand: Basic market forces determine the ETF's price. High demand and limited supply push the price up, while increased supply and reduced demand lower it.

Expense Ratio: Higher expense ratios can negatively impact returns, making the ETF less attractive to investors and potentially lowering its price.

Market Sentiment: Overall market mood impacts investor confidence. Positive sentiment can drive up prices, while negative sentiment can depress them.

Economic Conditions: Factors like inflation, interest rates, and economic growth affect the performance of the ETF's underlying assets, thus affecting the ETF price.

Index Tracking: How well the ETF tracks its benchmark index influences its attractiveness. Closer tracking leads to greater price accuracy and investor confidence.

Trading Volume: Higher trading volume typically indicates greater liquidity and investor interest, supporting a stable price.

Currency Exchange Rate: For ETFs holding assets in other currencies, exchange rate fluctuations can affect the ETF's price.

News and Events: Significant news events related to the ETF's sector or underlying assets can cause price fluctuations.