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    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_S000110499Member" xlink:to="bltn_S000110499Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_S000110499Member_lbl" xml:lang="en-US">Defiance Brazil Sovereign Debt ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_FixedIncomeSecuritiesRiskMember" xlink:label="bltn_FixedIncomeSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_FixedIncomeSecuritiesRiskMember" xlink:to="bltn_FixedIncomeSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_FixedIncomeSecuritiesRiskMember_lbl" xml:lang="en-US">Fixed Income Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_BrazilSovereignDebtRiskMember" xlink:label="bltn_BrazilSovereignDebtRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_BrazilSovereignDebtRiskMember" xlink:to="bltn_BrazilSovereignDebtRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_BrazilSovereignDebtRiskMember_lbl" xml:lang="en-US">Brazil Sovereign Debt Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_ConcentrationRiskMember" xlink:label="bltn_ConcentrationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_ConcentrationRiskMember" xlink:to="bltn_ConcentrationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_ConcentrationRiskMember_lbl" xml:lang="en-US">Concentration Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_CounterpartyRiskMember" xlink:label="bltn_CounterpartyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_CounterpartyRiskMember" xlink:to="bltn_CounterpartyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_CreditRisksMember" xlink:label="bltn_CreditRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_CreditRisksMember" xlink:to="bltn_CreditRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_CreditRisksMember_lbl" xml:lang="en-US">Credit Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_DerivativesRiskMember" xlink:label="bltn_DerivativesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_DerivativesRiskMember" xlink:to="bltn_DerivativesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_ForeignSecuritiesRiskMember" xlink:label="bltn_ForeignSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_ForeignSecuritiesRiskMember" xlink:to="bltn_ForeignSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_ForeignSecuritiesRiskMember_lbl" xml:lang="en-US">Foreign Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_CurrencyRiskMember" xlink:label="bltn_CurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_CurrencyRiskMember" xlink:to="bltn_CurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_EmergingMarketsRisksMember" xlink:label="bltn_EmergingMarketsRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_EmergingMarketsRisksMember" xlink:to="bltn_EmergingMarketsRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_EmergingMarketsRisksMember_lbl" xml:lang="en-US">Emerging Markets Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_EmergingMarketsBondsRisksMember" xlink:label="bltn_EmergingMarketsBondsRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_EmergingMarketsBondsRisksMember" xlink:to="bltn_EmergingMarketsBondsRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_EmergingMarketsBondsRisksMember_lbl" xml:lang="en-US">Emerging Markets Bonds Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_InterestRateRisksMember" xlink:label="bltn_InterestRateRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_InterestRateRisksMember" xlink:to="bltn_InterestRateRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_InterestRateRisksMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_FocusedPortfolioRiskMember" xlink:label="bltn_FocusedPortfolioRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_FocusedPortfolioRiskMember" xlink:to="bltn_FocusedPortfolioRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_FocusedPortfolioRiskMember_lbl" xml:lang="en-US">Focused Portfolio Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_ManagementRiskMember" xlink:label="bltn_ManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_ManagementRiskMember" xlink:to="bltn_ManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_EtfRisksMember" xlink:label="bltn_EtfRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_EtfRisksMember" xlink:to="bltn_EtfRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_EtfRisksMember_lbl" xml:lang="en-US">ETF Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:label="bltn_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="bltn_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_lbl" xml:lang="en-US">Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_CashRedemptionRiskMember" xlink:label="bltn_CashRedemptionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_CashRedemptionRiskMember" xlink:to="bltn_CashRedemptionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_CashRedemptionRiskMember_lbl" xml:lang="en-US">Cash Redemption Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_CostsOfBuyingOrSellingSharesMember" xlink:label="bltn_CostsOfBuyingOrSellingSharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_CostsOfBuyingOrSellingSharesMember" xlink:to="bltn_CostsOfBuyingOrSellingSharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_CostsOfBuyingOrSellingSharesMember_lbl" xml:lang="en-US">Costs of Buying or Selling Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_SharesMayTradeAtPricesOtherThanNavMember" xlink:label="bltn_SharesMayTradeAtPricesOtherThanNavMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_SharesMayTradeAtPricesOtherThanNavMember" xlink:to="bltn_SharesMayTradeAtPricesOtherThanNavMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_SharesMayTradeAtPricesOtherThanNavMember_lbl" xml:lang="en-US">Shares May Trade at Prices Other Than NAV [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_TradingMember" xlink:label="bltn_TradingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_TradingMember" xlink:to="bltn_TradingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_TradingMember_lbl" xml:lang="en-US">Trading [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_LiquidityRiskMember" xlink:label="bltn_LiquidityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_LiquidityRiskMember" xlink:to="bltn_LiquidityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_EconomicAndMarketRiskMember" xlink:label="bltn_EconomicAndMarketRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_EconomicAndMarketRiskMember" xlink:to="bltn_EconomicAndMarketRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_EconomicAndMarketRiskMember_lbl" xml:lang="en-US">Economic and Market Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_HighYieldDebtSecuritiesJunkBondRiskMember" xlink:label="bltn_HighYieldDebtSecuritiesJunkBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_HighYieldDebtSecuritiesJunkBondRiskMember" xlink:to="bltn_HighYieldDebtSecuritiesJunkBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_HighYieldDebtSecuritiesJunkBondRiskMember_lbl" xml:lang="en-US">High Yield Debt Securities (Junk Bond) Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_LiquidityRisk1Member" xlink:label="bltn_LiquidityRisk1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_LiquidityRisk1Member" xlink:to="bltn_LiquidityRisk1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_LiquidityRisk1Member_lbl" xml:lang="en-US">Liquidity Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_NewFundRiskMember" xlink:label="bltn_NewFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_NewFundRiskMember" xlink:to="bltn_NewFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_NewFundRiskMember_lbl" xml:lang="en-US">New Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_OperationalRiskMember" xlink:label="bltn_OperationalRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_OperationalRiskMember" xlink:to="bltn_OperationalRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_OperationalRiskMember_lbl" xml:lang="en-US">Operational Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_TaxRiskMember" xlink:label="bltn_TaxRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_TaxRiskMember" xlink:to="bltn_TaxRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_TaxRiskMember_lbl" xml:lang="en-US">Tax Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="bltn-20261030.xsd#bltn_C000281756Member" xlink:label="bltn_C000281756Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_C000281756Member" xlink:to="bltn_C000281756Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bltn_C000281756Member_lbl" xml:lang="en-US">Defiance Brazil Sovereign Debt ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_S000110499Member" xlink:to="bltn_S000110499Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_S000110499Member_doc" xml:lang="en-US">Defiance Brazil Sovereign Debt ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_C000281756Member" xlink:to="bltn_C000281756Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_C000281756Member_doc" xml:lang="en-US">Defiance Brazil Sovereign Debt ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_TaxRiskMember" xlink:to="bltn_TaxRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_TaxRiskMember_doc" xml:lang="en-US">Tax Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_HighYieldDebtSecuritiesJunkBondRiskMember" xlink:to="bltn_HighYieldDebtSecuritiesJunkBondRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_HighYieldDebtSecuritiesJunkBondRiskMember_doc" xml:lang="en-US">High Yield Debt Securities (Junk Bond) Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_OperationalRiskMember" xlink:to="bltn_OperationalRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_OperationalRiskMember_doc" xml:lang="en-US">Operational Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_NewFundRiskMember" xlink:to="bltn_NewFundRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_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="bltn_LiquidityRiskMember" xlink:to="bltn_LiquidityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_LiquidityRiskMember_doc" xml:lang="en-US">Liquidity Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_LiquidityRisk1Member" xlink:to="bltn_LiquidityRisk1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_LiquidityRisk1Member_doc" xml:lang="en-US">Liquidity Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_EconomicAndMarketRiskMember" xlink:to="bltn_EconomicAndMarketRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_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="bltn_TradingMember" xlink:to="bltn_TradingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_TradingMember_doc" xml:lang="en-US">Trading.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bltn_SharesMayTradeAtPricesOtherThanNavMember" xlink:to="bltn_SharesMayTradeAtPricesOtherThanNavMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bltn_SharesMayTradeAtPricesOtherThanNavMember_doc" xml:lang="en-US">Shares May Trade at Prices Other Than NAV.</link:label>
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