Underlying Asset Performance: The XT01.XETRA ETF price is primarily driven by the performance of the securities it holds. If the value of those assets increases, so will the ETF's price.

Supply and Demand: Market forces of supply and demand play a significant role. High demand relative to supply drives the price up, while increased selling pressure pushes it down.

Expense Ratio and Tracking Error: The ETF's expense ratio and its ability to accurately track its benchmark index can influence its price over time. Higher fees or greater tracking error may negatively impact returns.

Market Sentiment: Overall investor sentiment towards the asset class or geographical region the ETF tracks can affect its price. Positive sentiment leads to increased investment and higher prices.

Currency Fluctuations: For ETFs holding international assets, currency exchange rate fluctuations can impact the ETF's price when translated back into the base currency.

Interest Rates: Changes in interest rates can indirectly affect the price of ETFs, especially those holding fixed-income securities. Higher rates may decrease the value of existing bonds held by the ETF.