Underlying Asset Performance: XUHE.XETRA tracks the Solactive Hydrogen Economy Index. The price of the ETF is therefore heavily influenced by the performance of the companies included in this index, which are involved in the hydrogen economy.

Supply and Demand: General market forces of supply and demand affect the ETF's price. Higher demand increases the price, while increased supply decreases it.

Interest Rates: Changes in interest rates can affect investor sentiment and the attractiveness of investments in hydrogen companies, thus impacting the ETF price.

Currency Fluctuations: Since the ETF and its underlying assets may be denominated in different currencies, exchange rate movements can affect the price of the ETF.

Market Sentiment: Overall investor sentiment towards the hydrogen sector and renewable energy in general can influence the ETF's price.

Economic Conditions: Broader economic factors, such as GDP growth, inflation, and unemployment rates, can impact the performance of companies in the hydrogen sector and, consequently, the ETF's price.