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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="qnu_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="qnu_OperationalRiskMember_lbl" xml:lang="en-US">Operational Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="qnu-20260924.xsd#qnu_USGovernmentandUSAgencyObligationsRiskMember" xlink:label="qnu_USGovernmentandUSAgencyObligationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_USGovernmentandUSAgencyObligationsRiskMember" xlink:to="qnu_USGovernmentandUSAgencyObligationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="qnu_USGovernmentandUSAgencyObligationsRiskMember_lbl" xml:lang="en-US">U.S. Government and U.S. Agency Obligations Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_TaxRiskMember" xlink:to="qnu_TaxRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="qnu_TaxRiskMember_lbl" xml:lang="en-US">Tax Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_C000277362Member" xlink:to="qnu_C000277362Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="qnu_C000277362Member_lbl" xml:lang="en-US">Defiance Daily Target 2X Long QNT ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_S000106489Member" xlink:to="qnu_S000106489Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_S000106489Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long QNT ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_C000277362Member" xlink:to="qnu_C000277362Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_C000277362Member_doc" xml:lang="en-US">Defiance Daily Target 2X Long QNT ETF.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_TaxRiskMember_doc" xml:lang="en-US">Tax Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_USGovernmentandUSAgencyObligationsRiskMember" xlink:to="qnu_USGovernmentandUSAgencyObligationsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_OperationalRiskMember" xlink:to="qnu_OperationalRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_OperationalRiskMember_doc" xml:lang="en-US">Operational Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_TradingHaltRiskMember" xlink:to="qnu_TradingHaltRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_NewFundRiskMember" xlink:to="qnu_NewFundRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_MoneyMarketInstrumentRiskMember" xlink:to="qnu_MoneyMarketInstrumentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_LiquidityRiskMember" xlink:to="qnu_LiquidityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_LiquidityRiskMember_doc" xml:lang="en-US">Liquidity Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_TrackingErrorRiskMember" xlink:to="qnu_TrackingErrorRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_HighPortfolioTurnoverRiskMember" xlink:to="qnu_HighPortfolioTurnoverRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_EconomicAndMarketRiskMember" xlink:to="qnu_EconomicAndMarketRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_TradingMember" xlink:to="qnu_TradingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_TradingMember_doc" xml:lang="en-US">Trading.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_SharesMayTradeAtPricesOtherThanNavMember" xlink:to="qnu_SharesMayTradeAtPricesOtherThanNavMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_CostsOfBuyingOrSellingSharesMember" xlink:to="qnu_CostsOfBuyingOrSellingSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_CashRedemptionRiskMember" xlink:to="qnu_CashRedemptionRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="qnu_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_EtfRisksMember" xlink:to="qnu_EtfRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_EtfRisksMember_doc" xml:lang="en-US">ETF Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_RebalancingRiskMember" xlink:to="qnu_RebalancingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_RebalancingRiskMember_doc" xml:lang="en-US">Rebalancing Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_FixedIncomeSecuritiesRiskMember" xlink:to="qnu_FixedIncomeSecuritiesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_IntradayInvestmentRiskMember" xlink:to="qnu_IntradayInvestmentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_CounterpartyRiskMember" xlink:to="qnu_CounterpartyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_CounterpartyRiskMember_doc" xml:lang="en-US">Counterparty Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_OptionsContractsMember" xlink:to="qnu_OptionsContractsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_OptionsContractsMember_doc" xml:lang="en-US">Options Contracts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_SwapAgreementsMember" xlink:to="qnu_SwapAgreementsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_SwapAgreementsMember_doc" xml:lang="en-US">Swap Agreements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_DerivativesRiskMember" xlink:to="qnu_DerivativesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_DerivativesRiskMember_doc" xml:lang="en-US">Derivatives Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_LeverageRiskMember" xlink:to="qnu_LeverageRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_LeverageRiskMember_doc" xml:lang="en-US">Leverage Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_DailyCorrelationTrackingRiskMember" xlink:to="qnu_DailyCorrelationTrackingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_CompoundingAndMarketVolatilityRiskMember" xlink:to="qnu_CompoundingAndMarketVolatilityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_SingleIssuerRiskMember" xlink:to="qnu_SingleIssuerRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_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="qnu_TechnologySectorRiskMember" xlink:to="qnu_TechnologySectorRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_TechnologySectorRiskMember_doc" xml:lang="en-US">Technology Sector Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_ComputerHardwareAndStorageIndustryRiskMember" xlink:to="qnu_ComputerHardwareAndStorageIndustryRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_ComputerHardwareAndStorageIndustryRiskMember_doc" xml:lang="en-US">Computer Hardware &amp; Storage Industry Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_QuantumComputingRiskMember" xlink:to="qnu_QuantumComputingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_QuantumComputingRiskMember_doc" xml:lang="en-US">Quantum Computing Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_NewlyPublicCompanyAndStockVolatilityRisksMember" xlink:to="qnu_NewlyPublicCompanyAndStockVolatilityRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_NewlyPublicCompanyAndStockVolatilityRisksMember_doc" xml:lang="en-US">Newly Public Company and Stock Volatility Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_LiquiditysRiskMember" xlink:to="qnu_LiquiditysRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_LiquiditysRiskMember_doc" xml:lang="en-US">Liquiditys Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_ManagementRiskMember" xlink:to="qnu_ManagementRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_ManagementRiskMember_doc" xml:lang="en-US">Management Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_QuantinuumRisksMember" xlink:to="qnu_QuantinuumRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_QuantinuumRisksMember_doc" xml:lang="en-US">Quantinuum Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_IndirectInvestmentInQuantinuumRiskMember" xlink:to="qnu_IndirectInvestmentInQuantinuumRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_IndirectInvestmentInQuantinuumRiskMember_doc" xml:lang="en-US">Indirect Investment in Quantinuum Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_QuantinuumTradingRiskMember" xlink:to="qnu_QuantinuumTradingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_QuantinuumTradingRiskMember_doc" xml:lang="en-US">Quantinuum Trading Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_QuantinuumPerformanceRiskMember" xlink:to="qnu_QuantinuumPerformanceRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_QuantinuumPerformanceRiskMember_doc" xml:lang="en-US">Quantinuum Performance Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="qnu_QuantinuumBusinessRisksMember" xlink:to="qnu_QuantinuumBusinessRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="qnu_QuantinuumBusinessRisksMember_doc" xml:lang="en-US">Quantinuum Business Risks.</link:label>
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