diff --git a/build.sbt b/build.sbt
index 3120079..ce6a7d6 100644
--- a/build.sbt
+++ b/build.sbt
@@ -29,8 +29,8 @@ lazy val root = tlCrossRootProject.aggregate(
 )
 
 lazy val catsEffectV = "3.5.4"
-lazy val otelApiV = "1.36.0"
-lazy val otelTraceSdkV = "1.36.0"
+lazy val otelApiV = "1.38.0"
+lazy val otelTraceSdkV = "1.38.0"
 
 lazy val core = project.in(file("core"))
   .settings(
@@ -46,11 +46,11 @@ lazy val core = project.in(file("core"))
       "io.circe" %% "circe-literal" % "0.14.6",
       "org.typelevel" %% "jawn-parser" % "1.5.1" % Provided,
       "io.opentelemetry" % "opentelemetry-api" % otelApiV,
-      "io.opentelemetry" % "opentelemetry-context" % "1.36.0",
-      "io.opentelemetry" % "opentelemetry-exporter-otlp" % "1.36.0",
-      "io.opentelemetry" % "opentelemetry-extension-trace-propagators" % "1.36.0",
-      "io.opentelemetry" % "opentelemetry-sdk" % "1.36.0",
-      "io.opentelemetry" % "opentelemetry-sdk-common" % "1.36.0",
+      "io.opentelemetry" % "opentelemetry-context" % "1.38.0",
+      "io.opentelemetry" % "opentelemetry-exporter-otlp" % "1.38.0",
+      "io.opentelemetry" % "opentelemetry-extension-trace-propagators" % "1.38.0",
+      "io.opentelemetry" % "opentelemetry-sdk" % "1.38.0",
+      "io.opentelemetry" % "opentelemetry-sdk-common" % "1.38.0",
       "io.opentelemetry" % "opentelemetry-sdk-trace" % otelTraceSdkV,
       "io.opentelemetry.semconv" % "opentelemetry-semconv" % "1.23.1-alpha",
       "io.opentelemetry.contrib" % "opentelemetry-aws-xray-propagator" % "1.32.0-alpha",