Supply and Demand: Increased demand pushes prices up, while higher supply lowers them. WTDY.XETRA's popularity impacts this.

Underlying Assets: WTDY.XETRA's price mirrors its underlying asset's performance, primarily lithium and battery technology related stocks.

Market Sentiment: Overall optimism or pessimism towards lithium, batteries, or the energy transition influences investor buying and selling.

Economic Conditions: Broad economic trends like inflation, interest rates, and GDP growth impact market sentiment and investment decisions.

Currency Exchange Rates: Since it's a XETRA-listed ETF, fluctuations in the EUR/USD rate can influence its price for non-Euro investors.

Expense Ratio & Trading Costs: ETF expense ratios reduce returns, and trading costs (brokerage fees, bid-ask spread) can affect profitability.

Competition: Other ETFs focusing on similar themes can attract investors, impacting demand for WTDY.XETRA.

News & Events: Industry announcements, technological breakthroughs, policy changes, and corporate events can move individual stock prices and the ETF.