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<!-- Generated by DFIN XBRL Schema Document - https://www.dfinsolutions.com/  -->
<!-- Copyright(c) 2026 Donnelley Financial Solutions Inc. All Rights Reserved.  -->
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				<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis"/>
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				<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis"/>
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				<link:loc xlink:type="locator" xlink:href="#ftetf_TradingIssuesRiskMember" xlink:label="TradingIssuesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="TradingIssuesRiskMember" order="29.0"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_UnderlyingETFConcentrationRiskMember" xlink:label="UnderlyingETFConcentrationRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="UnderlyingETFConcentrationRiskMember" order="30.0"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_UnderlyingETFGoldRiskMember" xlink:label="UnderlyingETFGoldRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="UnderlyingETFGoldRiskMember" order="31.0"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_UnderlyingETFRiskMember" xlink:label="UnderlyingETFRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="UnderlyingETFRiskMember" order="32.0"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_USGovernmentSecuritiesRiskMember" xlink:label="USGovernmentSecuritiesRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="USGovernmentSecuritiesRiskMember" order="33.0"/>
			</link:definitionLink>
			<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rr/role/ProspectusOnly">
				<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentDomain" xlink:label="DocumentDomain"/>
				
			</link:definitionLink>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
            <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
				<link:loc xlink:type="locator" xlink:href="#ftetf_S000070088Member" xlink:label="S000070088Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000070088Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">FT Vest Gold Strategy Quarterly Buffer ETF</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000070088Member" xlink:to="label_S000070088Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000070088Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000070088 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000070088Member" xlink:to="label_S000070088Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_C000222997Member" xlink:label="C000222997Member"/>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000222997Member" xlink:to="label_S000070088Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000222997Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000222997 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000222997Member" xlink:to="label_C000222997Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_LBMAGoldPriceMember" xlink:label="LBMAGoldPriceMember"/>
				<link:label xlink:type="resource" xlink:label="label_LBMAGoldPriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">LBMA Gold Price (reflects no deduction for fees, expenses or taxes)[Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LBMAGoldPriceMember" xlink:to="label_LBMAGoldPriceMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_SP500IndexMember" xlink:label="SP500IndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_SP500IndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S&amp;P 500&amp;#174; Index (reflects no deduction for fees, expenses or taxes)[Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SP500IndexMember" xlink:to="label_SP500IndexMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_AbsenceOfAnActiveMarketRiskMember" xlink:label="AbsenceOfAnActiveMarketRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_AbsenceOfAnActiveMarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Absence Of An Active Market Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbsenceOfAnActiveMarketRiskMember" xlink:to="label_AbsenceOfAnActiveMarketRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_BufferedLossRiskMember" xlink:label="BufferedLossRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_BufferedLossRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Buffered Loss Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BufferedLossRiskMember" xlink:to="label_BufferedLossRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CapChangeRiskMember" xlink:label="CapChangeRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CapChangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cap Change Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapChangeRiskMember" xlink:to="label_CapChangeRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CappedUpsideRiskMember" xlink:label="CappedUpsideRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CappedUpsideRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Capped Upside Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CappedUpsideRiskMember" xlink:to="label_CappedUpsideRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CashTransactionsRiskMember" xlink:label="CashTransactionsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CashTransactionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cash Transactions Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashTransactionsRiskMember" xlink:to="label_CashTransactionsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CommoditiesRiskMember" xlink:label="CommoditiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CommoditiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Commodities Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesRiskMember" xlink:to="label_CommoditiesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CounterpartyRiskMember" xlink:label="CounterpartyRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Counterparty Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyRiskMember" xlink:to="label_CounterpartyRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CreditRiskMember" xlink:label="CreditRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CreditRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Credit Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditRiskMember" xlink:to="label_CreditRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CurrentMarketConditionsRiskMember" xlink:label="CurrentMarketConditionsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CurrentMarketConditionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Current Market Conditions Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentMarketConditionsRiskMember" xlink:to="label_CurrentMarketConditionsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_CyberSecurityRiskMember" xlink:label="CyberSecurityRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CyberSecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cyber Security Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CyberSecurityRiskMember" xlink:to="label_CyberSecurityRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_DebtSecuritiesRiskMember" xlink:label="DebtSecuritiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_DebtSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Debt Securities Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecuritiesRiskMember" xlink:to="label_DebtSecuritiesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_DerivativesRiskMember" xlink:label="DerivativesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_DerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Derivatives Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesRiskMember" xlink:to="label_DerivativesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_FlexOptionsRiskMember" xlink:label="FlexOptionsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_FlexOptionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Flex Options Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FlexOptionsRiskMember" xlink:to="label_FlexOptionsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_FlexOptionsValuationRiskMember" xlink:label="FlexOptionsValuationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_FlexOptionsValuationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Flex Options Valuation Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FlexOptionsValuationRiskMember" xlink:to="label_FlexOptionsValuationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_IncomeRiskMember" xlink:label="IncomeRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_IncomeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Income Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeRiskMember" xlink:to="label_IncomeRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_IndexOrModelConstituentRiskMember" xlink:label="IndexOrModelConstituentRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_IndexOrModelConstituentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Index Or Model Constituent Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndexOrModelConstituentRiskMember" xlink:to="label_IndexOrModelConstituentRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_InflationRiskMember" xlink:label="InflationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_InflationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Inflation Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InflationRiskMember" xlink:to="label_InflationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InterestRateRiskMember" xlink:label="InterestRateRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_InterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Interest Rate Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateRiskMember" xlink:to="label_InterestRateRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_ManagementRiskMember" xlink:label="ManagementRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_ManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Management Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementRiskMember" xlink:to="label_ManagementRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_MarketRiskMember" xlink:label="MarketRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Market Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketRiskMember" xlink:to="label_MarketRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_RiskNondiversifiedMember" xlink:label="RiskNondiversifiedMember"/>
				<link:label xlink:type="resource" xlink:label="label_RiskNondiversifiedMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risk Nondiversified [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiskNondiversifiedMember" xlink:to="label_RiskNondiversifiedMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_OperationalRiskMember" xlink:label="OperationalRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_OperationalRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Operational Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationalRiskMember" xlink:to="label_OperationalRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_PremiumDiscountRiskMember" xlink:label="PremiumDiscountRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_PremiumDiscountRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Premium Discount Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PremiumDiscountRiskMember" xlink:to="label_PremiumDiscountRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_SignificantExposureRiskMember" xlink:label="SignificantExposureRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SignificantExposureRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Significant Exposure Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantExposureRiskMember" xlink:to="label_SignificantExposureRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_SubsidiaryInvestmentRiskMember" xlink:label="SubsidiaryInvestmentRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SubsidiaryInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Subsidiary Investment Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryInvestmentRiskMember" xlink:to="label_SubsidiaryInvestmentRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_TargetOutcomePeriodRiskMember" xlink:label="TargetOutcomePeriodRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_TargetOutcomePeriodRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Target Outcome Period Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TargetOutcomePeriodRiskMember" xlink:to="label_TargetOutcomePeriodRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_TaxRiskMember" xlink:label="TaxRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_TaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Tax Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxRiskMember" xlink:to="label_TaxRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_TradingIssuesRiskMember" xlink:label="TradingIssuesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_TradingIssuesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Trading Issues Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingIssuesRiskMember" xlink:to="label_TradingIssuesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_UnderlyingETFConcentrationRiskMember" xlink:label="UnderlyingETFConcentrationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_UnderlyingETFConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Underlying ETF Concentration Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnderlyingETFConcentrationRiskMember" xlink:to="label_UnderlyingETFConcentrationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_UnderlyingETFGoldRiskMember" xlink:label="UnderlyingETFGoldRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_UnderlyingETFGoldRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Underlying ETF Gold Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnderlyingETFGoldRiskMember" xlink:to="label_UnderlyingETFGoldRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_UnderlyingETFRiskMember" xlink:label="UnderlyingETFRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_UnderlyingETFRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Underlying ETF Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnderlyingETFRiskMember" xlink:to="label_UnderlyingETFRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ftetf_USGovernmentSecuritiesRiskMember" xlink:label="USGovernmentSecuritiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_USGovernmentSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">US Government Securities Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USGovernmentSecuritiesRiskMember" xlink:to="label_USGovernmentSecuritiesRiskMember"/>
            </link:labelLink>
         </link:linkbase>
      </xs:appinfo>
  </xs:annotation>
	<xs:element name="S000070088Member" id="ftetf_S000070088Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="C000222997Member" id="ftetf_C000222997Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="LBMAGoldPriceMember" id="ftetf_LBMAGoldPriceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SP500IndexMember" id="ftetf_SP500IndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="AbsenceOfAnActiveMarketRiskMember" id="ftetf_AbsenceOfAnActiveMarketRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="BufferedLossRiskMember" id="ftetf_BufferedLossRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CapChangeRiskMember" id="ftetf_CapChangeRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CappedUpsideRiskMember" id="ftetf_CappedUpsideRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CashTransactionsRiskMember" id="ftetf_CashTransactionsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CommoditiesRiskMember" id="ftetf_CommoditiesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CounterpartyRiskMember" id="ftetf_CounterpartyRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CurrentMarketConditionsRiskMember" id="ftetf_CurrentMarketConditionsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="CyberSecurityRiskMember" id="ftetf_CyberSecurityRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="DebtSecuritiesRiskMember" id="ftetf_DebtSecuritiesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="DerivativesRiskMember" id="ftetf_DerivativesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="FlexOptionsRiskMember" id="ftetf_FlexOptionsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="FlexOptionsValuationRiskMember" id="ftetf_FlexOptionsValuationRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="IncomeRiskMember" id="ftetf_IncomeRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="IndexOrModelConstituentRiskMember" id="ftetf_IndexOrModelConstituentRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="InflationRiskMember" id="ftetf_InflationRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="ManagementRiskMember" id="ftetf_ManagementRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="MarketRiskMember" id="ftetf_MarketRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="RiskNondiversifiedMember" id="ftetf_RiskNondiversifiedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="OperationalRiskMember" id="ftetf_OperationalRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="PremiumDiscountRiskMember" id="ftetf_PremiumDiscountRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SignificantExposureRiskMember" id="ftetf_SignificantExposureRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="SubsidiaryInvestmentRiskMember" id="ftetf_SubsidiaryInvestmentRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="TargetOutcomePeriodRiskMember" id="ftetf_TargetOutcomePeriodRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="TaxRiskMember" id="ftetf_TaxRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="TradingIssuesRiskMember" id="ftetf_TradingIssuesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="UnderlyingETFConcentrationRiskMember" id="ftetf_UnderlyingETFConcentrationRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="UnderlyingETFGoldRiskMember" id="ftetf_UnderlyingETFGoldRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="UnderlyingETFRiskMember" id="ftetf_UnderlyingETFRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="USGovernmentSecuritiesRiskMember" id="ftetf_USGovernmentSecuritiesRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>

</xs:schema>
