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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_MoneyMarketInstrumentRiskMember_lbl" xml:lang="en-US">Money Market Instrument Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_TradingHaltRiskMember_lbl" xml:lang="en-US">Trading Halt Risk [Member]</link:label>
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      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_S000104720Member" xlink:label="defiance_S000104720Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000104720Member" xlink:to="defiance_S000104720Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_S000104720Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long SpaceX ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_SpcxRisksMember" xlink:label="defiance_SpcxRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SpcxRisksMember" xlink:to="defiance_SpcxRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_SpcxRisksMember_lbl" xml:lang="en-US">SPCX Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_SpcxTradingRiskMember" xlink:label="defiance_SpcxTradingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SpcxTradingRiskMember" xlink:to="defiance_SpcxTradingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_SpcxTradingRiskMember_lbl" xml:lang="en-US">SPCX Trading Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_SpcxPerformanceRiskMember" xlink:label="defiance_SpcxPerformanceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SpcxPerformanceRiskMember" xlink:to="defiance_SpcxPerformanceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_SpcxPerformanceRiskMember_lbl" xml:lang="en-US">SPCX Performance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_CommercialSpaceIndustryRiskMember" xlink:label="defiance_CommercialSpaceIndustryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CommercialSpaceIndustryRiskMember" xlink:to="defiance_CommercialSpaceIndustryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_CommercialSpaceIndustryRiskMember_lbl" xml:lang="en-US">Commercial Space Industry Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_SatelliteCommunicationsIndustryRisksMember" xlink:label="defiance_SatelliteCommunicationsIndustryRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SatelliteCommunicationsIndustryRisksMember" xlink:to="defiance_SatelliteCommunicationsIndustryRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_SatelliteCommunicationsIndustryRisksMember_lbl" xml:lang="en-US">Satellite Communications Industry Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_ArtificialIntelligenceRiskMember" xlink:label="defiance_ArtificialIntelligenceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ArtificialIntelligenceRiskMember" xlink:to="defiance_ArtificialIntelligenceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_ArtificialIntelligenceRiskMember_lbl" xml:lang="en-US">Artificial Intelligence Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_BusinessAndOperationalRisksMember" xlink:label="defiance_BusinessAndOperationalRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_BusinessAndOperationalRisksMember" xlink:to="defiance_BusinessAndOperationalRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_BusinessAndOperationalRisksMember_lbl" xml:lang="en-US">Business and Operational Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_RegulatoryAndLegalRisksMember" xlink:label="defiance_RegulatoryAndLegalRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_RegulatoryAndLegalRisksMember" xlink:to="defiance_RegulatoryAndLegalRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_RegulatoryAndLegalRisksMember_lbl" xml:lang="en-US">Regulatory and Legal Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_ConcentrationRisksMember" xlink:label="defiance_ConcentrationRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ConcentrationRisksMember" xlink:to="defiance_ConcentrationRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_ConcentrationRisksMember_lbl" xml:lang="en-US">Concentration Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_ElonMusksInfluenceOnSpacexRiskMember" xlink:label="defiance_ElonMusksInfluenceOnSpacexRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ElonMusksInfluenceOnSpacexRiskMember" xlink:to="defiance_ElonMusksInfluenceOnSpacexRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_ElonMusksInfluenceOnSpacexRiskMember_lbl" xml:lang="en-US">Elon Musk's Influence on SpaceX Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_NewlyPublicCompanyRisksMember" xlink:label="defiance_NewlyPublicCompanyRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_NewlyPublicCompanyRisksMember" xlink:to="defiance_NewlyPublicCompanyRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_NewlyPublicCompanyRisksMember_lbl" xml:lang="en-US">Newly Public Company Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_C000275364Member" xlink:label="defiance_C000275364Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000275364Member" xlink:to="defiance_C000275364Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_C000275364Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Short SpaceX ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260605.xsd#defiance_C000275363Member" xlink:label="defiance_C000275363Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000275363Member" xlink:to="defiance_C000275363Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_C000275363Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long SpaceX ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000104721Member" xlink:to="defiance_S000104721Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_S000104721Member_doc" xml:lang="en-US">Defiance Daily Target 2X Short SpaceX ETF</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000275364Member" xlink:to="defiance_C000275364Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_C000275364Member_doc" xml:lang="en-US">Defiance Daily Target 2X Short SpaceX ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000104720Member" xlink:to="defiance_S000104720Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_S000104720Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long SpaceX ETF</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000275363Member" xlink:to="defiance_C000275363Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_C000275363Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long SpaceX ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_TaxRiskMember" xlink:to="defiance_TaxRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_TaxRiskMember_doc" xml:lang="en-US">Tax Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_UsGovernmentAndUsAgencyObligationsRiskMember" xlink:to="defiance_UsGovernmentAndUsAgencyObligationsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_UsGovernmentAndUsAgencyObligationsRiskMember_doc" xml:lang="en-US">U.S. Government and U.S. Agency Obligations Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_OperationalRiskMember" xlink:to="defiance_OperationalRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_OperationalRiskMember_doc" xml:lang="en-US">Operational Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_TradingHaltRiskMember" xlink:to="defiance_TradingHaltRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_TradingHaltRiskMember_doc" xml:lang="en-US">Trading Halt Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_NewFundRiskMember" xlink:to="defiance_NewFundRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_NewFundRiskMember_doc" xml:lang="en-US">New Fund Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_MoneyMarketInstrumentRiskMember" xlink:to="defiance_MoneyMarketInstrumentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_MoneyMarketInstrumentRiskMember_doc" xml:lang="en-US">Money Market Instrument Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_LiquidityRiskMember" xlink:to="defiance_LiquidityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_LiquidityRiskMember_doc" xml:lang="en-US">Liquidity Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_TrackingErrorRiskMember" xlink:to="defiance_TrackingErrorRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_TrackingErrorRiskMember_doc" xml:lang="en-US">Tracking Error Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_HighPortfolioTurnoverRiskMember" xlink:to="defiance_HighPortfolioTurnoverRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_HighPortfolioTurnoverRiskMember_doc" xml:lang="en-US">High Portfolio Turnover Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_EconomicAndMarketRiskMember" xlink:to="defiance_EconomicAndMarketRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_EconomicAndMarketRiskMember_doc" xml:lang="en-US">Economic and Market Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_TradingMember" xlink:to="defiance_TradingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_TradingMember_doc" xml:lang="en-US">Trading.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SharesMayTradeAtPricesOtherThanNavMember" xlink:to="defiance_SharesMayTradeAtPricesOtherThanNavMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_SharesMayTradeAtPricesOtherThanNavMember_doc" xml:lang="en-US">Shares May Trade at Prices Other Than NAV.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CostsOfBuyingOrSellingSharesMember" xlink:to="defiance_CostsOfBuyingOrSellingSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CostsOfBuyingOrSellingSharesMember_doc" xml:lang="en-US">Costs of Buying or Selling Shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CashRedemptionRiskMember" xlink:to="defiance_CashRedemptionRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CashRedemptionRiskMember_doc" xml:lang="en-US">Cash Redemption Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="defiance_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xml:lang="en-US">Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_EtfRisksMember" xlink:to="defiance_EtfRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_EtfRisksMember_doc" xml:lang="en-US">ETF Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_RebalancingRiskMember" xlink:to="defiance_RebalancingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_RebalancingRiskMember_doc" xml:lang="en-US">Rebalancing Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_FixedIncomeSecuritiesRiskMember" xlink:to="defiance_FixedIncomeSecuritiesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_FixedIncomeSecuritiesRiskMember_doc" xml:lang="en-US">Fixed Income Securities Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IntradayInvestmentRiskMember" xlink:to="defiance_IntradayInvestmentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_IntradayInvestmentRiskMember_doc" xml:lang="en-US">Intra-Day Investment Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_RecentIpoAndDerivativesCapacityConstraintsRiskMember" xlink:to="defiance_RecentIpoAndDerivativesCapacityConstraintsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_RecentIpoAndDerivativesCapacityConstraintsRiskMember_doc" xml:lang="en-US">Recent IPO and Derivatives Capacity Constraints Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CounterpartyRiskMember" xlink:to="defiance_CounterpartyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CounterpartyRiskMember_doc" xml:lang="en-US">Counterparty Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_OptionsContractsMember" xlink:to="defiance_OptionsContractsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_OptionsContractsMember_doc" xml:lang="en-US">Options Contracts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SwapAgreementsMember" xlink:to="defiance_SwapAgreementsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_SwapAgreementsMember_doc" xml:lang="en-US">Swap Agreements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_DerivativesRiskMember" xlink:to="defiance_DerivativesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_DerivativesRiskMember_doc" xml:lang="en-US">Derivatives Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_LeverageRiskMember" xlink:to="defiance_LeverageRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_LeverageRiskMember_doc" xml:lang="en-US">Leverage Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CompoundingAndMarketVolatilityRiskMember" xlink:to="defiance_CompoundingAndMarketVolatilityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CompoundingAndMarketVolatilityRiskMember_doc" xml:lang="en-US">Compounding and Market Volatility Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SingleIssuerRiskMember" xlink:to="defiance_SingleIssuerRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_SingleIssuerRiskMember_doc" xml:lang="en-US">Single Issuer Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_NewlyPublicCompanyRisksMember" xlink:to="defiance_NewlyPublicCompanyRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_NewlyPublicCompanyRisksMember_doc" xml:lang="en-US">Newly Public Company Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ElonMusksInfluenceOnSpacexRiskMember" xlink:to="defiance_ElonMusksInfluenceOnSpacexRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_ElonMusksInfluenceOnSpacexRiskMember_doc" xml:lang="en-US">Elon Musk's Influence on SpaceX Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ConcentrationRisksMember" xlink:to="defiance_ConcentrationRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_ConcentrationRisksMember_doc" xml:lang="en-US">Concentration Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_RegulatoryAndLegalRisksMember" xlink:to="defiance_RegulatoryAndLegalRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_RegulatoryAndLegalRisksMember_doc" xml:lang="en-US">Regulatory and Legal Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_BusinessAndOperationalRisksMember" xlink:to="defiance_BusinessAndOperationalRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_BusinessAndOperationalRisksMember_doc" xml:lang="en-US">Business and Operational Risks.</link:label>
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