If the price of underlying assets rise, does the price of an ETF like VTI also rises?

For example if someone wants to buy a million shares of Apple or Nvidia right now, the demand for Apple or Nvidia stock goes up and therefore so should Apple's and Nvidia's stock prices.
In this case what would happen with the price of VTI? will it’s value also rise due to the above?

If this is correct then why SCHD has outperformed VTI since inception knowing that most assets in SCHD are value oriented while VTI's are growth oriented????
Thanks in advance