diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6343a947528b..71f92ec53f84 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,7 @@
 
 ### Features
 
-- `[jest-cli]` Adds 2 config options (`inlineSnapshotFormat` and `snapshotFormat`) which offers a way to override any of the formatting settings which come with [pretty-format](https://www.npmjs.com/package/pretty-format#usage-with-options). ([#11654](https://github.com/facebook/jest/pull/11654))
+- `[jest-cli]` Adds a new config options `snapshotFormat` which offers a way to override any of the formatting settings which come with [pretty-format](https://www.npmjs.com/package/pretty-format#usage-with-options). ([#11654](https://github.com/facebook/jest/pull/11654))
 
 ### Fixes
 
diff --git a/docs/Configuration.md b/docs/Configuration.md
index 2e83c69888d5..598c8c400501 100644
--- a/docs/Configuration.md
+++ b/docs/Configuration.md
@@ -537,43 +537,6 @@ test('some test', () => {
 
 _Note: This option is only supported using the default `jest-circus`. test runner_
 
-### `inlineSnapshotFormat` \[object]
-
-Default: `undefined`
-
-Allows overriding specific snapshot formatting options documented in the [pretty-format readme](https://www.npmjs.com/package/pretty-format#usage-with-options). For example, this config would have the inline snapshot formatter not print a prefix for "Object" and "Array":
-
-```json
-{
-  "jest": {
-    "inlineSnapshotFormat": {
-      "printBasicPrototype": false
-    }
-  }
-}
-```
-
-```ts
-import {expect, test} from '@jest/globals';
-
-test('does not show prototypes for object and array inline', () => {
-  const object = {
-    array: [{hello: 'Danger'}],
-  };
-  expect(object).toMatchInlineSnapshot(`
-{
-  "array": [
-    {
-      "hello": "Danger",
-    },
-  ],
-}
-    `);
-});
-```
-
-There is a corresponding [`snapshotFormat`](#snapshotformat-object) option for separate file snapshots.
-
 ### `maxConcurrency` \[number]
 
 Default: `5`
@@ -986,19 +949,37 @@ The number of seconds after which a test is considered as slow and reported as s
 
 Default: `undefined`
 
-Allows overriding specific snapshot formatting options documented in the [pretty-format readme](https://www.npmjs.com/package/pretty-format#usage-with-options). For example, this config would have the snapshot formatter which prints with 4 spaces instead of 2:
+Allows overriding specific snapshot formatting options documented in the [pretty-format readme](https://www.npmjs.com/package/pretty-format#usage-with-options). For example, this config would have the snapshot formatter not print a prefix for "Object" and "Array":
 
 ```json
 {
   "jest": {
     "snapshotFormat": {
-      "indent": 4
+      "printBasicPrototype": false
     }
   }
 }
 ```
 
-There is a corresponding [`inlineSnapshotFormat`](#inlinesnapshotformat-object) option for inline snapshots.
+```ts
+import {expect, test} from '@jest/globals';
+
+test('does not show prototypes for object and array inline', () => {
+  const object = {
+    array: [{hello: 'Danger'}],
+  };
+  expect(object).toMatchInlineSnapshot(`
+{
+  "array": [
+    {
+      "hello": "Danger",
+    },
+  ],
+}
+    `);
+});
+```
+
 
 ### `snapshotResolver` \[string]
 
diff --git a/e2e/snapshot-formatting-changes/__tests__/snapshot.test.js b/e2e/snapshot-formatting-changes/__tests__/snapshot.test.js
index ea453006d281..9df05f7b4ee3 100644
--- a/e2e/snapshot-formatting-changes/__tests__/snapshot.test.js
+++ b/e2e/snapshot-formatting-changes/__tests__/snapshot.test.js
@@ -14,11 +14,11 @@ describe('snapshot serializer', () => {
     };
     expect(object).toMatchInlineSnapshot(`
 {
-  "array": [
-    {
-      "hello": "Danger",
-    },
-  ],
+        "array": [
+                {
+                        "hello": "Danger",
+                },
+        ],
 }
 `);
   });
diff --git a/e2e/snapshot-formatting-changes/package.json b/e2e/snapshot-formatting-changes/package.json
index f47aed15e05f..04b08db87937 100644
--- a/e2e/snapshot-formatting-changes/package.json
+++ b/e2e/snapshot-formatting-changes/package.json
@@ -1,9 +1,6 @@
 {
   "jest": {
     "testEnvironment": "node",
-    "inlineSnapshotFormat": {
-      "printBasicPrototype": false
-    },
     "snapshotFormat": {
       "printBasicPrototype": false,
       "indent": 8
diff --git a/packages/jest-circus/src/legacy-code-todo-rewrite/jestAdapterInit.ts b/packages/jest-circus/src/legacy-code-todo-rewrite/jestAdapterInit.ts
index 8e7b18624a30..d7487477e31d 100644
--- a/packages/jest-circus/src/legacy-code-todo-rewrite/jestAdapterInit.ts
+++ b/packages/jest-circus/src/legacy-code-todo-rewrite/jestAdapterInit.ts
@@ -155,7 +155,6 @@ export const initialize = async ({
   const snapshotPath = snapshotResolver.resolveSnapshotPath(testPath);
   const snapshotState = new SnapshotState(snapshotPath, {
     expand,
-    inlineSnapshotFormat: config.inlineSnapshotFormat,
     prettierPath: config.prettierPath,
     snapshotFormat: config.snapshotFormat,
     updateSnapshot,
diff --git a/packages/jest-config/src/ValidConfig.ts b/packages/jest-config/src/ValidConfig.ts
index 2e92084aee14..932e7737d904 100644
--- a/packages/jest-config/src/ValidConfig.ts
+++ b/packages/jest-config/src/ValidConfig.ts
@@ -67,7 +67,6 @@ const initialOptions: Config.InitialOptions = {
     throwOnModuleCollision: false,
   },
   injectGlobals: true,
-  inlineSnapshotFormat: PRETTY_FORMAT_DEFAULTS,
   json: false,
   lastCommit: false,
   listTests: false,
diff --git a/packages/jest-config/src/index.ts b/packages/jest-config/src/index.ts
index 071ac60e1ad3..364346ecf954 100644
--- a/packages/jest-config/src/index.ts
+++ b/packages/jest-config/src/index.ts
@@ -127,7 +127,6 @@ const groupOptions = (
     forceExit: options.forceExit,
     globalSetup: options.globalSetup,
     globalTeardown: options.globalTeardown,
-    inlineSnapshotFormat: options.inlineSnapshotFormat,
     json: options.json,
     lastCommit: options.lastCommit,
     listTests: options.listTests,
@@ -186,7 +185,6 @@ const groupOptions = (
     globals: options.globals,
     haste: options.haste,
     injectGlobals: options.injectGlobals,
-    inlineSnapshotFormat: options.inlineSnapshotFormat,
     moduleDirectories: options.moduleDirectories,
     moduleFileExtensions: options.moduleFileExtensions,
     moduleLoader: options.moduleLoader,
diff --git a/packages/jest-config/src/normalize.ts b/packages/jest-config/src/normalize.ts
index 18c3afda778d..eee99b8f78be 100644
--- a/packages/jest-config/src/normalize.ts
+++ b/packages/jest-config/src/normalize.ts
@@ -970,7 +970,6 @@ export default async function normalize(
       case 'extensionsToTreatAsEsm':
       case 'extraGlobals':
       case 'globals':
-      case 'inlineSnapshotFormat':
       case 'findRelatedTests':
       case 'forceCoverageMatch':
       case 'forceExit':
diff --git a/packages/jest-jasmine2/src/setup_jest_globals.ts b/packages/jest-jasmine2/src/setup_jest_globals.ts
index 9bd324aa3c49..7fc6329aa317 100644
--- a/packages/jest-jasmine2/src/setup_jest_globals.ts
+++ b/packages/jest-jasmine2/src/setup_jest_globals.ts
@@ -106,12 +106,11 @@ export default async ({
 
   patchJasmine();
   const {expand, updateSnapshot} = globalConfig;
-  const {prettierPath, inlineSnapshotFormat, snapshotFormat} = config;
+  const {prettierPath, snapshotFormat} = config;
   const snapshotResolver = await buildSnapshotResolver(config, localRequire);
   const snapshotPath = snapshotResolver.resolveSnapshotPath(testPath);
   const snapshotState = new SnapshotState(snapshotPath, {
     expand,
-    inlineSnapshotFormat,
     prettierPath,
     snapshotFormat,
     updateSnapshot,
diff --git a/packages/jest-snapshot/src/State.ts b/packages/jest-snapshot/src/State.ts
index 8fe2a93473b8..7ee2197958ae 100644
--- a/packages/jest-snapshot/src/State.ts
+++ b/packages/jest-snapshot/src/State.ts
@@ -27,7 +27,6 @@ export type SnapshotStateOptions = {
   prettierPath: Config.Path;
   expand?: boolean;
   snapshotFormat: PrettyFormatOptions;
-  inlineSnapshotFormat: PrettyFormatOptions;
 };
 
 export type SnapshotMatchOptions = {
@@ -65,7 +64,6 @@ export default class SnapshotState {
   private _uncheckedKeys: Set<string>;
   private _prettierPath: Config.Path;
   private _snapshotFormat: PrettyFormatOptions;
-  private _inlineSnapshotFormat: PrettyFormatOptions;
 
   added: number;
   expand: boolean;
@@ -95,7 +93,6 @@ export default class SnapshotState {
     this.updated = 0;
 
     this._snapshotFormat = options.snapshotFormat;
-    this._inlineSnapshotFormat = options.inlineSnapshotFormat;
   }
 
   markSnapshotsAsCheckedForTest(testName: string): void {
@@ -209,12 +206,8 @@ export default class SnapshotState {
       this._uncheckedKeys.delete(key);
     }
 
-    const customFormat = isInline
-      ? this._inlineSnapshotFormat
-      : this._snapshotFormat;
-
     const receivedSerialized = addExtraLineBreaks(
-      serialize(received, undefined, customFormat),
+      serialize(received, undefined, this._snapshotFormat),
     );
     const expected = isInline ? inlineSnapshot : this._snapshotData[key];
     const pass = expected === receivedSerialized;
diff --git a/packages/jest-types/src/Config.ts b/packages/jest-types/src/Config.ts
index d6fb20a769b5..42b2487c620b 100644
--- a/packages/jest-types/src/Config.ts
+++ b/packages/jest-types/src/Config.ts
@@ -174,7 +174,6 @@ export type InitialOptions = Partial<{
   globalTeardown: string | null | undefined;
   haste: HasteConfig;
   injectGlobals: boolean;
-  inlineSnapshotFormat: PrettyFormatOptions;
   reporters: Array<string | ReporterConfig>;
   logHeapUsage: boolean;
   lastCommit: boolean;
@@ -297,7 +296,6 @@ export type GlobalConfig = {
   json: boolean;
   globalSetup?: string;
   globalTeardown?: string;
-  inlineSnapshotFormat: PrettyFormatOptions;
   lastCommit: boolean;
   logHeapUsage: boolean;
   listTests: boolean;
@@ -359,7 +357,6 @@ export type ProjectConfig = {
   globalTeardown?: string;
   globals: ConfigGlobals;
   haste: HasteConfig;
-  inlineSnapshotFormat: PrettyFormatOptions;
   injectGlobals: boolean;
   moduleDirectories: Array<string>;
   moduleFileExtensions: Array<string>;
diff --git a/packages/test-utils/src/config.ts b/packages/test-utils/src/config.ts
index 2182428494be..9a97135d8d77 100644
--- a/packages/test-utils/src/config.ts
+++ b/packages/test-utils/src/config.ts
@@ -27,7 +27,6 @@ const DEFAULT_GLOBAL_CONFIG: Config.GlobalConfig = {
   forceExit: false,
   globalSetup: undefined,
   globalTeardown: undefined,
-  inlineSnapshotFormat: {},
   json: false,
   lastCommit: false,
   listTests: false,
@@ -86,7 +85,6 @@ const DEFAULT_PROJECT_CONFIG: Config.ProjectConfig = {
   globals: {},
   haste: {},
   injectGlobals: true,
-  inlineSnapshotFormat: {},
   moduleDirectories: [],
   moduleFileExtensions: ['js'],
   moduleLoader: '/test_module_loader_path',