diff --git a/CHANGELOG.md b/CHANGELOG.md
index 79080b8..3e20cd4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [0.5.0+20231031](https://github.com/elastic/elasticsearch-serverless-js/compare/v0.4.0+20231031...v0.5.0+20231031) (2024-07-29)
+
+
+### Features
+
+* Latest serverless specification changes ([#77](https://github.com/elastic/elasticsearch-serverless-js/issues/77)) ([e47967a](https://github.com/elastic/elasticsearch-serverless-js/commit/e47967a27f61a4a5c3bd2c8d55c0f0af005fdcf5))
+* OpenTelemetry support ([#80](https://github.com/elastic/elasticsearch-serverless-js/issues/80)) ([8b9e7d3](https://github.com/elastic/elasticsearch-serverless-js/commit/8b9e7d325ec29f5090bf266ff486c5513f8ae39b))
+
 ## [0.4.0+20231031](https://github.com/elastic/elasticsearch-serverless-js/compare/v0.3.0+20231031...v0.4.0+20231031) (2024-06-25)
 
 
diff --git a/package.json b/package.json
index 54ff333..706ebf7 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@elastic/elasticsearch-serverless",
-  "version": "0.4.0+20231031",
+  "version": "0.5.0+20231031",
   "description": "The official Node.js Elastic client for the Elasticsearch Serverless service.",
   "main": "index.js",
   "types": "index.d.ts",