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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_RisksOfInvestingInPrivateCreditClosMember_lbl" xml:lang="en-US">Risks of Investing in Private Credit CLOs [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]&#195;&#8218;&#194;&#160;</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_PrepaymentRisksMember_lbl" xml:lang="en-US">Prepayment Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_ForeignSecuritiesRiskMember_lbl" xml:lang="en-US">Foreign Securities Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_MiddleMarketLoanRiskMember_lbl" xml:lang="en-US">Middle Market Loan Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_CashTransactionRiskMember_lbl" xml:lang="en-US">Cash Transaction Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_EtfRisksMember_lbl" xml:lang="en-US">ETF Risks [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_CostsOfBuyingOrSellingSharesMember_lbl" xml:lang="en-US">Costs of Buying or Selling Shares [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_FluctuationOfNavUnitPremiumsAndDiscountsMember_lbl" xml:lang="en-US">Fluctuation of NAV; Unit Premiums and Discounts [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_NoAssuranceOfActiveTradingMarketRiskMember_lbl" xml:lang="en-US">No Assurance of Active Trading 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="igy_FundSharesLiquidityRiskMember_lbl" xml:lang="en-US">Fund Shares Liquidity Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="igy_SmallFundRiskMember_lbl" xml:lang="en-US">Small Fund Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="igy_S000093603Member_doc" xml:lang="en-US">Virtus IG Public &amp; Private Credit ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="igy_C000261994Member_doc" xml:lang="en-US">Virtus IG Public &amp; Private Credit ETF [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="igy_EtfRisksMember_doc" xml:lang="en-US">ETF Risks.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="igy_FundSharesLiquidityRiskMember_doc" xml:lang="en-US">Fund Shares Liquidity Risk.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="igy_CostsOfBuyingOrSellingSharesMember_doc" xml:lang="en-US">Costs of Buying or Selling Shares.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="igy_JunkBondsOrHighYieldSecuritiesRiskMember_doc" xml:lang="en-US">Junk Bonds or High Yield Securities Risk.</link:label>
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