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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_S000106436Member_lbl" xml:lang="en-US">Nomura High Yield Total Return ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_CreditRisksMember_lbl" xml:lang="en-US">Credit risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_MarketRiskMember_lbl" xml:lang="en-US">Market risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_FixedIncomeMarketRiskMember_lbl" xml:lang="en-US">Fixed income market risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_ActiveManagementandSelectionRiskMember" xlink:label="netft_ActiveManagementandSelectionRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_ActiveManagementandSelectionRiskMember_lbl" xml:lang="en-US">Active management and selection risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_LiquidityRiskMember" xlink:to="netft_LiquidityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_ETFRiskMember" xlink:label="netft_ETFRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_ETFRiskMember_lbl" xml:lang="en-US">ETF risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_BankLoansRiskMember" xlink:to="netft_BankLoansRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_BankLoansRiskMember_lbl" xml:lang="en-US">Bank loans risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_ConvertibleSecuritiesandPreferredSecuritiesRiskMember" xlink:label="netft_ConvertibleSecuritiesandPreferredSecuritiesRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_ConvertibleSecuritiesandPreferredSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible securities and preferred securities risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_DistressedSecuritiesRiskMember" xlink:label="netft_DistressedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_DistressedSecuritiesRiskMember" xlink:to="netft_DistressedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_DistressedSecuritiesRiskMember_lbl" xml:lang="en-US">Distressed securities risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_ForeignCompanyInvestmentRiskMember" xlink:label="netft_ForeignCompanyInvestmentRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_ForeignCompanyInvestmentRiskMember" xlink:to="netft_ForeignCompanyInvestmentRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_ForeignCompanyInvestmentRiskMember_lbl" xml:lang="en-US">Foreign company investment risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_EmergingMarketsRiskMember" xlink:label="netft_EmergingMarketsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_EmergingMarketsRiskMember" xlink:to="netft_EmergingMarketsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_EmergingMarketsRiskMember_lbl" xml:lang="en-US">Emerging markets risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_GeographicFocusRiskMember" xlink:label="netft_GeographicFocusRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_GeographicFocusRiskMember" xlink:to="netft_GeographicFocusRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_GeographicFocusRiskMember_lbl" xml:lang="en-US">Geographic focus risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_PrepaymentandExtensionRiskMember" xlink:label="netft_PrepaymentandExtensionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_PrepaymentandExtensionRiskMember" xlink:to="netft_PrepaymentandExtensionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_PrepaymentandExtensionRiskMember_lbl" xml:lang="en-US">Prepayment and extension risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_NewIssueRiskMember" xlink:label="netft_NewIssueRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_NewIssueRiskMember" xlink:to="netft_NewIssueRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_NewIssueRiskMember_lbl" xml:lang="en-US">New issue risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_ZeroCouponSecuritiesRiskMember" xlink:label="netft_ZeroCouponSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_ZeroCouponSecuritiesRiskMember" xlink:to="netft_ZeroCouponSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_ZeroCouponSecuritiesRiskMember_lbl" xml:lang="en-US">Zero-coupon securities risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_PayInKindSecuritiesRiskMember" xlink:label="netft_PayInKindSecuritiesRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_PayInKindSecuritiesRiskMember_lbl" xml:lang="en-US">Pay-in-kind securities risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_DeferredPaymentSecuritiesRiskMember" xlink:label="netft_DeferredPaymentSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_DeferredPaymentSecuritiesRiskMember" xlink:to="netft_DeferredPaymentSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_DeferredPaymentSecuritiesRiskMember_lbl" xml:lang="en-US">Deferred payment securities risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_RestrictedSecuritiesRiskMember" xlink:label="netft_RestrictedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_RestrictedSecuritiesRiskMember" xlink:to="netft_RestrictedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_RestrictedSecuritiesRiskMember_lbl" xml:lang="en-US">Restricted securities risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_EquityRiskMember" xlink:label="netft_EquityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_EquityRiskMember" xlink:to="netft_EquityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_EquityRiskMember_lbl" xml:lang="en-US">Equity risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_SmallandMidMarketCapitalizationCompanyRiskMember" xlink:label="netft_SmallandMidMarketCapitalizationCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_SmallandMidMarketCapitalizationCompanyRiskMember" xlink:to="netft_SmallandMidMarketCapitalizationCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_SmallandMidMarketCapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Small- and mid-market capitalization company risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_CallRiskMember" xlink:label="netft_CallRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_CallRiskMember" xlink:to="netft_CallRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_CallRiskMember_lbl" xml:lang="en-US">Call risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_PortfolioTurnoverRiskMember" xlink:label="netft_PortfolioTurnoverRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_PortfolioTurnoverRiskMember" xlink:to="netft_PortfolioTurnoverRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_PortfolioTurnoverRiskMember_lbl" xml:lang="en-US">Portfolio turnover risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_PrincipalLossRiskMember" xlink:to="netft_PrincipalLossRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_PrincipalLossRiskMember_lbl" xml:lang="en-US">Principal loss risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_RedemptionRiskMember" xlink:label="netft_RedemptionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_RedemptionRiskMember" xlink:to="netft_RedemptionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_RedemptionRiskMember_lbl" xml:lang="en-US">Redemption risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_NewFundRiskMember" xlink:label="netft_NewFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_NewFundRiskMember" xlink:to="netft_NewFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_NewFundRiskMember_lbl" xml:lang="en-US">New fund risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="netft-20260814.xsd#netft_C000277297Member" xlink:label="netft_C000277297Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="netft_C000277297Member" xlink:to="netft_C000277297Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="netft_C000277297Member_lbl" xml:lang="en-US">Nomura High Yield Total Return ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="netft_C000277297Member_2_lbl" xml:lang="en-US">Nomura High Yield Total Return ETF [Default Label]</link:label>
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