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<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->    
<!-- Created: Mon Mar 30 14:35:10 UTC 2026 -->  
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    <loc xlink:type="locator" xlink:label="ck0002068712_S000102194Member" xlink:href="ck0002068712-20260330.xsd#ck0002068712_S000102194Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_S000102194Member_lbl" xml:lang="en-US">VegaShares US Equity Autocallable Income ETF</label>     
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    <loc xlink:type="locator" xlink:label="ck0002068712_C000272660Member" xlink:href="ck0002068712-20260330.xsd#ck0002068712_C000272660Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_C000272660Member_lbl" xml:lang="en-US">VegaShares US Equity Autocallable Income ETF</label>     
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    <loc xlink:type="locator" xlink:label="ck0002068712_MarketRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_MarketRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_MarketRiskMember_lbl" xml:lang="en-US">Market Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_MarketRiskMember" xlink:to="ck0002068712_MarketRiskMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0002068712_EquitySecuritiesRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_EquitySecuritiesRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_EquitySecuritiesRiskMember_lbl" xml:lang="en-US">Equity Securities Risk [Member]</label>  
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    <loc xlink:type="locator" xlink:label="ck0002068712_SectorRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_SectorRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_SectorRiskMember_lbl" xml:lang="en-US">Sector Risk [Member]</label> 
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    <loc xlink:type="locator" xlink:label="ck0002068712_AutocallableRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_AutocallableRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_AutocallableRiskMember_lbl" xml:lang="en-US">Autocallable Risk [Member]</label>   
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    <loc xlink:type="locator" xlink:label="ck0002068712_IndirectDebtInstrumentsRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_IndirectDebtInstrumentsRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_IndirectDebtInstrumentsRiskMember_lbl" xml:lang="en-US">Indirect Debt Instruments Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_IndirectDebtInstrumentsRiskMember" xlink:to="ck0002068712_IndirectDebtInstrumentsRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0002068712_SwapAgreementsRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_SwapAgreementsRiskMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_SwapAgreementsRiskMember_lbl" xml:lang="en-US">Swap Agreements Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_SwapAgreementsRiskMember" xlink:to="ck0002068712_SwapAgreementsRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0002068712_IndexRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_IndexRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_IndexRiskMember_lbl" xml:lang="en-US">Index Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_IndexRiskMember" xlink:to="ck0002068712_IndexRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0002068712_ActiveManagementRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_ActiveManagementRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_ActiveManagementRiskMember_lbl" xml:lang="en-US">Active Management Risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_ActiveManagementRiskMember" xlink:to="ck0002068712_ActiveManagementRiskMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0002068712_DistributionTaxRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_DistributionTaxRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_DistributionTaxRiskMember_lbl" xml:lang="en-US">Distribution Tax Risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_DistributionTaxRiskMember" xlink:to="ck0002068712_DistributionTaxRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0002068712_LimitedHistoryOfOperationsRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_LimitedHistoryOfOperationsRiskMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_LimitedHistoryOfOperationsRiskMember_lbl" xml:lang="en-US">Limited History of Operations Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_LimitedHistoryOfOperationsRiskMember" xlink:to="ck0002068712_LimitedHistoryOfOperationsRiskMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0002068712_NonDiversificationRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_NonDiversificationRiskMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_NonDiversificationRiskMember_lbl" xml:lang="en-US">Non-Diversification Risk [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_NonDiversificationRiskMember" xlink:to="ck0002068712_NonDiversificationRiskMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0002068712_CashCreateAndRedeemTransactionRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_CashCreateAndRedeemTransactionRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_CashCreateAndRedeemTransactionRiskMember_lbl" xml:lang="en-US">Cash Create and Redeem Transaction Risk [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_CashCreateAndRedeemTransactionRiskMember" xlink:to="ck0002068712_CashCreateAndRedeemTransactionRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0002068712_ETFStructureRiskMember" xlink:href="ck0002068712-20260330.xsd#ck0002068712_ETFStructureRiskMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0002068712_ETFStructureRiskMember_lbl" xml:lang="en-US">ETF Structure Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_ETFStructureRiskMember" xlink:to="ck0002068712_ETFStructureRiskMember_lbl"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_MarketRiskMember_lbl0" xml:lang="en-US">Market Risk Member</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_MarketRiskMember" xlink:to="ck0002068712_MarketRiskMember_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_NonDiversificationRiskMember_lbl0" xml:lang="en-US">Non Diversification Risk Member</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_NonDiversificationRiskMember" xlink:to="ck0002068712_NonDiversificationRiskMember_lbl0"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_CashCreateAndRedeemTransactionRiskMember_lbl0" xml:lang="en-US">Cash Create And Redeem Transaction Risk Member</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_CashCreateAndRedeemTransactionRiskMember" xlink:to="ck0002068712_CashCreateAndRedeemTransactionRiskMember_lbl0"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_IndirectDebtInstrumentsRiskMember_lbl0" xml:lang="en-US">Indirect Debt Instruments Risk Member</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_IndirectDebtInstrumentsRiskMember" xlink:to="ck0002068712_IndirectDebtInstrumentsRiskMember_lbl0"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_SwapAgreementsRiskMember_lbl0" xml:lang="en-US">Swap Agreements Risk Member</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_SwapAgreementsRiskMember" xlink:to="ck0002068712_SwapAgreementsRiskMember_lbl0"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_C000272660Member_lbl0" xml:lang="en-US">C000272660 Member</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_C000272660Member" xlink:to="ck0002068712_C000272660Member_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_IndexRiskMember_lbl0" xml:lang="en-US">Index Risk Member</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_IndexRiskMember" xlink:to="ck0002068712_IndexRiskMember_lbl0"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_EquitySecuritiesRiskMember_lbl0" xml:lang="en-US">Equity Securities Risk Member</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_EquitySecuritiesRiskMember" xlink:to="ck0002068712_EquitySecuritiesRiskMember_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_SectorRiskMember_lbl0" xml:lang="en-US">Sector Risk Member</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_SectorRiskMember" xlink:to="ck0002068712_SectorRiskMember_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_DistributionTaxRiskMember_lbl0" xml:lang="en-US">Distribution Tax Risk Member</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_DistributionTaxRiskMember" xlink:to="ck0002068712_DistributionTaxRiskMember_lbl0"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_ETFStructureRiskMember_lbl0" xml:lang="en-US">ETFStructure Risk Member</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_ETFStructureRiskMember" xlink:to="ck0002068712_ETFStructureRiskMember_lbl0"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_ActiveManagementRiskMember_lbl0" xml:lang="en-US">Active Management Risk Member</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_ActiveManagementRiskMember" xlink:to="ck0002068712_ActiveManagementRiskMember_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_LimitedHistoryOfOperationsRiskMember_lbl0" xml:lang="en-US">Limited History Of Operations Risk Member</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_LimitedHistoryOfOperationsRiskMember" xlink:to="ck0002068712_LimitedHistoryOfOperationsRiskMember_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_S000102194Member_lbl0" xml:lang="en-US">S000102194 Member</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0002068712_S000102194Member" xlink:to="ck0002068712_S000102194Member_lbl0"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0002068712_AutocallableRiskMember_lbl0" xml:lang="en-US">Autocallable Risk Member</label>  
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