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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_TrackingErrorRiskMember_lbl" xml:lang="en-US">Tracking Error Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_LiquidityRisksMember" xlink:to="defiance_LiquidityRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_LiquidityRisksMember_lbl" xml:lang="en-US">Liquidity Risks [Member]</link:label>
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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_NewFundRiskMember_lbl" xml:lang="en-US">New Fund 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:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_OperationalRiskMember_lbl" xml:lang="en-US">Operational Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_TaxRiskMember" xlink:to="defiance_TaxRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_TaxRiskMember_lbl" xml:lang="en-US">Tax Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_S000095913Member" xlink:label="defiance_S000095913Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095913Member" xlink:to="defiance_S000095913Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_S000095913Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long FIG ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_FigRisksMember" xlink:label="defiance_FigRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_FigRisksMember" xlink:to="defiance_FigRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_FigRisksMember_lbl" xml:lang="en-US">FIG Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_LimitedOperatingHistoryRiskMember" xlink:label="defiance_LimitedOperatingHistoryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_LimitedOperatingHistoryRiskMember" xlink:to="defiance_LimitedOperatingHistoryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_LimitedOperatingHistoryRiskMember_lbl" xml:lang="en-US">Limited Operating History Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IndirectInvestmentInFigRiskMember" xlink:label="defiance_IndirectInvestmentInFigRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IndirectInvestmentInFigRiskMember" xlink:to="defiance_IndirectInvestmentInFigRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IndirectInvestmentInFigRiskMember_lbl" xml:lang="en-US">Indirect Investment in FIG Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_FigTradingRiskMember" xlink:label="defiance_FigTradingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_FigTradingRiskMember" xlink:to="defiance_FigTradingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_FigTradingRiskMember_lbl" xml:lang="en-US">FIG Trading Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_FigPerformanceRiskMember" xlink:label="defiance_FigPerformanceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_FigPerformanceRiskMember" xlink:to="defiance_FigPerformanceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_FigPerformanceRiskMember_lbl" xml:lang="en-US">FIG Performance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_SoftwareIndustryRisksMember" xlink:label="defiance_SoftwareIndustryRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SoftwareIndustryRisksMember" xlink:to="defiance_SoftwareIndustryRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_SoftwareIndustryRisksMember_lbl" xml:lang="en-US">Software Industry Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_CompetitionAndAiRisksMember" xlink:label="defiance_CompetitionAndAiRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CompetitionAndAiRisksMember" xlink:to="defiance_CompetitionAndAiRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_CompetitionAndAiRisksMember_lbl" xml:lang="en-US">Competition and AI Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_KeyPersonRiskMember" xlink:label="defiance_KeyPersonRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_KeyPersonRiskMember" xlink:to="defiance_KeyPersonRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_KeyPersonRiskMember_lbl" xml:lang="en-US">Key Person Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IntellectualPropertyRiskMember" xlink:label="defiance_IntellectualPropertyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IntellectualPropertyRiskMember" xlink:to="defiance_IntellectualPropertyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IntellectualPropertyRiskMember_lbl" xml:lang="en-US">Intellectual Property Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_S000095914Member" xlink:label="defiance_S000095914Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095914Member" xlink:to="defiance_S000095914Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_S000095914Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long IREN ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IrenRisksMember" xlink:label="defiance_IrenRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IrenRisksMember" xlink:to="defiance_IrenRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IrenRisksMember_lbl" xml:lang="en-US">IREN Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IndirectInvestmentInIrenRiskMember" xlink:label="defiance_IndirectInvestmentInIrenRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IndirectInvestmentInIrenRiskMember" xlink:to="defiance_IndirectInvestmentInIrenRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IndirectInvestmentInIrenRiskMember_lbl" xml:lang="en-US">Indirect Investment in IREN Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IrenTradingRiskMember" xlink:label="defiance_IrenTradingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IrenTradingRiskMember" xlink:to="defiance_IrenTradingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IrenTradingRiskMember_lbl" xml:lang="en-US">IREN Trading Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IrenPerformanceRiskMember" xlink:label="defiance_IrenPerformanceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IrenPerformanceRiskMember" xlink:to="defiance_IrenPerformanceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IrenPerformanceRiskMember_lbl" xml:lang="en-US">IREN Performance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_FinancialReportingControlsRiskMember" xlink:label="defiance_FinancialReportingControlsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_FinancialReportingControlsRiskMember" xlink:to="defiance_FinancialReportingControlsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_FinancialReportingControlsRiskMember_lbl" xml:lang="en-US">Financial Reporting Controls Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_DataCenterOperationsRisksMember" xlink:label="defiance_DataCenterOperationsRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_DataCenterOperationsRisksMember" xlink:to="defiance_DataCenterOperationsRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_DataCenterOperationsRisksMember_lbl" xml:lang="en-US">Data Center Operations Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_EnergyRisksMember" xlink:label="defiance_EnergyRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_EnergyRisksMember" xlink:to="defiance_EnergyRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_EnergyRisksMember_lbl" xml:lang="en-US">Energy Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_BitcoinRiskMember" xlink:label="defiance_BitcoinRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_BitcoinRiskMember" xlink:to="defiance_BitcoinRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_BitcoinRiskMember_lbl" xml:lang="en-US">Bitcoin Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_ForeignIssuerRiskMember" xlink:label="defiance_ForeignIssuerRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ForeignIssuerRiskMember" xlink:to="defiance_ForeignIssuerRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_ForeignIssuerRiskMember_lbl" xml:lang="en-US">Foreign Issuer Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_CurrencyRiskMember" xlink:label="defiance_CurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CurrencyRiskMember" xlink:to="defiance_CurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_ForeignSecuritiesRiskMember" xlink:label="defiance_ForeignSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ForeignSecuritiesRiskMember" xlink:to="defiance_ForeignSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_ForeignSecuritiesRiskMember_lbl" xml:lang="en-US">Foreign Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_NewerFundRiskMember" xlink:label="defiance_NewerFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_NewerFundRiskMember" xlink:to="defiance_NewerFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_NewerFundRiskMember_lbl" xml:lang="en-US">Newer Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_S000095916Member" xlink:label="defiance_S000095916Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095916Member" xlink:to="defiance_S000095916Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_S000095916Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long QS ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_QsRisksMember" xlink:label="defiance_QsRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsRisksMember" xlink:to="defiance_QsRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_QsRisksMember_lbl" xml:lang="en-US">QS Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_QsOperatingLossRiskMember" xlink:label="defiance_QsOperatingLossRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsOperatingLossRiskMember" xlink:to="defiance_QsOperatingLossRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_QsOperatingLossRiskMember_lbl" xml:lang="en-US">QS Operating Loss Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_IndirectInvestmentInQsRiskMember" xlink:label="defiance_IndirectInvestmentInQsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IndirectInvestmentInQsRiskMember" xlink:to="defiance_IndirectInvestmentInQsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_IndirectInvestmentInQsRiskMember_lbl" xml:lang="en-US">Indirect Investment in QS Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_QsTradingRiskMember" xlink:label="defiance_QsTradingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsTradingRiskMember" xlink:to="defiance_QsTradingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_QsTradingRiskMember_lbl" xml:lang="en-US">QS Trading Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_QsPerformanceRiskMember" xlink:label="defiance_QsPerformanceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsPerformanceRiskMember" xlink:to="defiance_QsPerformanceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_QsPerformanceRiskMember_lbl" xml:lang="en-US">QS Performance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_AutomobileComponentsIndustryRisksMember" xlink:label="defiance_AutomobileComponentsIndustryRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_AutomobileComponentsIndustryRisksMember" xlink:to="defiance_AutomobileComponentsIndustryRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_AutomobileComponentsIndustryRisksMember_lbl" xml:lang="en-US">Automobile Components Industry Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_BusinessRisksMember" xlink:label="defiance_BusinessRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_BusinessRisksMember" xlink:to="defiance_BusinessRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_BusinessRisksMember_lbl" xml:lang="en-US">Business Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_CompetitionRiskMember" xlink:label="defiance_CompetitionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CompetitionRiskMember" xlink:to="defiance_CompetitionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_CompetitionRiskMember_lbl" xml:lang="en-US">Competition Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_CollaborationRiskMember" xlink:label="defiance_CollaborationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CollaborationRiskMember" xlink:to="defiance_CollaborationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_CollaborationRiskMember_lbl" xml:lang="en-US">Collaboration Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_C000264694Member" xlink:label="defiance_C000264694Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264694Member" xlink:to="defiance_C000264694Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_C000264694Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long ET ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_C000264695Member" xlink:label="defiance_C000264695Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264695Member" xlink:to="defiance_C000264695Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_C000264695Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long FIG ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_C000264696Member" xlink:label="defiance_C000264696Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264696Member" xlink:to="defiance_C000264696Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_C000264696Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long IREN ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260901.xsd#defiance_C000264698Member" xlink:label="defiance_C000264698Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264698Member" xlink:to="defiance_C000264698Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="defiance_C000264698Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long QS ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095912Member" xlink:to="defiance_S000095912Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_S000095912Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long ET ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264694Member" xlink:to="defiance_C000264694Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_C000264694Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long ET ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095913Member" xlink:to="defiance_S000095913Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_S000095913Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long FIG ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264695Member" xlink:to="defiance_C000264695Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_C000264695Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long FIG ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095914Member" xlink:to="defiance_S000095914Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_S000095914Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long IREN ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264696Member" xlink:to="defiance_C000264696Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_C000264696Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long IREN ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_S000095916Member" xlink:to="defiance_S000095916Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_S000095916Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long QS ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_C000264698Member" xlink:to="defiance_C000264698Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_C000264698Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long QS 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_NewerFundRiskMember" xlink:to="defiance_NewerFundRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_NewerFundRiskMember_doc" xml:lang="en-US">Newer 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_LiquidityRisksMember" xlink:to="defiance_LiquidityRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_LiquidityRisksMember_doc" xml:lang="en-US">Liquidity Risks.</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_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_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_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_DailyCorrelationTrackingRiskMember" xlink:to="defiance_DailyCorrelationTrackingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_DailyCorrelationTrackingRiskMember_doc" xml:lang="en-US">Daily Correlation/Tracking 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_RegulatoryRiskMember" xlink:to="defiance_RegulatoryRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_RegulatoryRiskMember_doc" xml:lang="en-US">Regulatory Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CollaborationRiskMember" xlink:to="defiance_CollaborationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CollaborationRiskMember_doc" xml:lang="en-US">Collaboration Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CompetitionRiskMember" xlink:to="defiance_CompetitionRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CompetitionRiskMember_doc" xml:lang="en-US">Competition Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_BusinessRisksMember" xlink:to="defiance_BusinessRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_BusinessRisksMember_doc" xml:lang="en-US">Business Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_AutomobileComponentsIndustryRisksMember" xlink:to="defiance_AutomobileComponentsIndustryRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_AutomobileComponentsIndustryRisksMember_doc" xml:lang="en-US">Automobile Components Industry Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsPerformanceRiskMember" xlink:to="defiance_QsPerformanceRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_QsPerformanceRiskMember_doc" xml:lang="en-US">QS Performance Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsTradingRiskMember" xlink:to="defiance_QsTradingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_QsTradingRiskMember_doc" xml:lang="en-US">QS Trading Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IndirectInvestmentInQsRiskMember" xlink:to="defiance_IndirectInvestmentInQsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_IndirectInvestmentInQsRiskMember_doc" xml:lang="en-US">Indirect Investment in QS Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsOperatingLossRiskMember" xlink:to="defiance_QsOperatingLossRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_QsOperatingLossRiskMember_doc" xml:lang="en-US">QS Operating Loss Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_QsRisksMember" xlink:to="defiance_QsRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_QsRisksMember_doc" xml:lang="en-US">QS Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ForeignSecuritiesRiskMember" xlink:to="defiance_ForeignSecuritiesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_ForeignSecuritiesRiskMember_doc" xml:lang="en-US">Foreign Securities Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_CurrencyRiskMember" xlink:to="defiance_CurrencyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_CurrencyRiskMember_doc" xml:lang="en-US">Currency Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_ForeignIssuerRiskMember" xlink:to="defiance_ForeignIssuerRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_ForeignIssuerRiskMember_doc" xml:lang="en-US">Foreign Issuer Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_BitcoinRiskMember" xlink:to="defiance_BitcoinRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_BitcoinRiskMember_doc" xml:lang="en-US">Bitcoin Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_EnergyRisksMember" xlink:to="defiance_EnergyRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_EnergyRisksMember_doc" xml:lang="en-US">Energy Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_DataCenterOperationsRisksMember" xlink:to="defiance_DataCenterOperationsRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_DataCenterOperationsRisksMember_doc" xml:lang="en-US">Data Center Operations Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_LimitedOperatingHistoryRiskMember" xlink:to="defiance_LimitedOperatingHistoryRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_LimitedOperatingHistoryRiskMember_doc" xml:lang="en-US">Limited Operating History Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_FinancialReportingControlsRiskMember" xlink:to="defiance_FinancialReportingControlsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_FinancialReportingControlsRiskMember_doc" xml:lang="en-US">Financial Reporting Controls Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_SoftwareIndustryRisksMember" xlink:to="defiance_SoftwareIndustryRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_SoftwareIndustryRisksMember_doc" xml:lang="en-US">Software Industry Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IrenPerformanceRiskMember" xlink:to="defiance_IrenPerformanceRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_IrenPerformanceRiskMember_doc" xml:lang="en-US">IREN Performance Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IrenTradingRiskMember" xlink:to="defiance_IrenTradingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_IrenTradingRiskMember_doc" xml:lang="en-US">IREN Trading Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IndirectInvestmentInIrenRiskMember" xlink:to="defiance_IndirectInvestmentInIrenRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_IndirectInvestmentInIrenRiskMember_doc" xml:lang="en-US">Indirect Investment in IREN Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="defiance_IrenRisksMember" xlink:to="defiance_IrenRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="defiance_IrenRisksMember_doc" xml:lang="en-US">IREN Risks.</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>
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