diff --git a/project/Versions.scala b/project/Versions.scala
index 4212da62ff..560e371294 100644
--- a/project/Versions.scala
+++ b/project/Versions.scala
@@ -56,7 +56,7 @@ object Versions {
   val fs2 = "3.9.3"
   val decline = "2.4.1"
   val quicklens = "1.9.6"
-  val openTelemetry = "1.31.0"
+  val openTelemetry = "1.32.0"
   val mockServer = "5.15.0"
   val dogstatsdClient = "4.2.0"
   val nettyAll = "4.1.100.Final"