diff --git a/pom.xml b/pom.xml
index 878ed8b05..e1497d7b1 100644
--- a/pom.xml
+++ b/pom.xml
@@ -69,7 +69,7 @@
       <dependency>
         <groupId>io.opentelemetry</groupId>
         <artifactId>opentelemetry-bom</artifactId>
-        <version>1.37.0</version>
+        <version>1.38.0</version>
         <type>pom</type>
         <scope>import</scope>
       </dependency>