diff --git a/.github/workflows/test.yml b/.github/workflows/test.yml
index a20e434ef8..02cdd49356 100644
--- a/.github/workflows/test.yml
+++ b/.github/workflows/test.yml
@@ -10,7 +10,7 @@ env:
   # Otherwise, set variable to the commit of your branch on
   # opentelemetry-python-contrib which is compatible with these Core repo
   # changes.
-  CONTRIB_REPO_SHA: dd65a29b5805397e3b511d6546179e7c03442f82
+  CONTRIB_REPO_SHA: 3ad534cbba41c2b92618f5f03c4c92cee4a72df6
 
 jobs:
   build:
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6c4e686b61..67585bde86 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,7 +4,11 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [Unreleased](https://github.com/open-telemetry/opentelemetry-python/compare/v1.4.0-0.23b0...HEAD)
+## [Unreleased](https://github.com/open-telemetry/opentelemetry-python/compare/v1.5.0-0.24b0...HEAD)
+
+## [1.5.0-0.24b0](https://github.com/open-telemetry/opentelemetry-python/releases/tag/v1.5.0-0.24b0) - 2021-08-26
+
+
 - Fix documentation on well known exporters and variable OTEL_TRACES_EXPORTER which were misnamed
   ([#2023](https://github.com/open-telemetry/opentelemetry-python/pull/2023))
 - `opentelemetry-sdk` `get_aggregated_resource()` returns default resource and service name
diff --git a/eachdist.ini b/eachdist.ini
index bb62be66c8..746f5a787a 100644
--- a/eachdist.ini
+++ b/eachdist.ini
@@ -14,7 +14,7 @@ sortfirst=
     exporter/*
 
 [stable]
-version=1.5.0.dev0
+version=1.5.0
 
 packages=
     opentelemetry-sdk
@@ -33,7 +33,7 @@ packages=
     opentelemetry-api
 
 [prerelease]
-version=0.24.dev0
+version=0.24b0
 
 packages=
     opentelemetry-opentracing-shim
diff --git a/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py b/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py
index 38b21f37cb..14cffddd57 100644
--- a/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py
+++ b/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py b/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py
index 38b21f37cb..14cffddd57 100644
--- a/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py
+++ b/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-jaeger/setup.cfg b/exporter/opentelemetry-exporter-jaeger/setup.cfg
index b01b3a8d9e..06e68fded5 100644
--- a/exporter/opentelemetry-exporter-jaeger/setup.cfg
+++ b/exporter/opentelemetry-exporter-jaeger/setup.cfg
@@ -39,8 +39,8 @@ python_requires = >=3.6
 
 packages=find_namespace:
 install_requires =
-    opentelemetry-exporter-jaeger-proto-grpc == 1.5.0.dev0
-    opentelemetry-exporter-jaeger-thrift == 1.5.0.dev0
+    opentelemetry-exporter-jaeger-proto-grpc == 1.5.0
+    opentelemetry-exporter-jaeger-thrift == 1.5.0
 
 [options.extras_require]
 test =
diff --git a/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py b/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py
index 38b21f37cb..14cffddd57 100644
--- a/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py
+++ b/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py b/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py
index 5aeaec6556..d33bd87ce4 100644
--- a/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py
+++ b/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.24.dev0"
+__version__ = "0.24b0"
diff --git a/exporter/opentelemetry-exporter-otlp-proto-grpc/setup.cfg b/exporter/opentelemetry-exporter-otlp-proto-grpc/setup.cfg
index 46ed5650e3..7013425c95 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-grpc/setup.cfg
+++ b/exporter/opentelemetry-exporter-otlp-proto-grpc/setup.cfg
@@ -43,7 +43,7 @@ install_requires =
     googleapis-common-protos ~= 1.52
     opentelemetry-api ~= 1.3
     opentelemetry-sdk ~= 1.3
-    opentelemetry-proto == 1.5.0.dev0
+    opentelemetry-proto == 1.5.0
     backoff ~= 1.10.0
 
 [options.extras_require]
diff --git a/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py b/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py
index 36cd1d2223..c8902adc49 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py
+++ b/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-otlp-proto-http/setup.cfg b/exporter/opentelemetry-exporter-otlp-proto-http/setup.cfg
index c99b806e98..5f6d102d12 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-http/setup.cfg
+++ b/exporter/opentelemetry-exporter-otlp-proto-http/setup.cfg
@@ -43,7 +43,7 @@ install_requires =
     googleapis-common-protos ~= 1.52
     opentelemetry-api ~= 1.3
     opentelemetry-sdk ~= 1.3
-    opentelemetry-proto == 1.5.0.dev0
+    opentelemetry-proto == 1.5.0
     backoff ~= 1.10.0
 
 [options.extras_require]
diff --git a/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py b/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py
index 5aeaec6556..c8902adc49 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py
+++ b/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.24.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-otlp/setup.cfg b/exporter/opentelemetry-exporter-otlp/setup.cfg
index bd5c2aa2f5..8d24fca242 100644
--- a/exporter/opentelemetry-exporter-otlp/setup.cfg
+++ b/exporter/opentelemetry-exporter-otlp/setup.cfg
@@ -38,4 +38,4 @@ classifiers =
 python_requires = >=3.6
 packages=find_namespace:
 install_requires =
-    opentelemetry-exporter-otlp-proto-grpc == 1.5.0.dev0
+    opentelemetry-exporter-otlp-proto-grpc == 1.5.0
diff --git a/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py b/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py
index 36cd1d2223..c8902adc49 100644
--- a/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py
+++ b/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py b/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py
index 36cd1d2223..c8902adc49 100644
--- a/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py
+++ b/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-zipkin-proto-http/setup.cfg b/exporter/opentelemetry-exporter-zipkin-proto-http/setup.cfg
index c7828ae496..874ce5a368 100644
--- a/exporter/opentelemetry-exporter-zipkin-proto-http/setup.cfg
+++ b/exporter/opentelemetry-exporter-zipkin-proto-http/setup.cfg
@@ -45,7 +45,7 @@ install_requires =
     requests ~= 2.7
     opentelemetry-api ~= 1.3
     opentelemetry-sdk ~= 1.3
-    opentelemetry-exporter-zipkin-json == 1.5.0.dev0
+    opentelemetry-exporter-zipkin-json == 1.5.0
 
 [options.packages.find]
 where = src
diff --git a/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py b/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py
index 36cd1d2223..c8902adc49 100644
--- a/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py
+++ b/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/exporter/opentelemetry-exporter-zipkin/setup.cfg b/exporter/opentelemetry-exporter-zipkin/setup.cfg
index 6d2f97404a..bea3c1043d 100644
--- a/exporter/opentelemetry-exporter-zipkin/setup.cfg
+++ b/exporter/opentelemetry-exporter-zipkin/setup.cfg
@@ -38,8 +38,8 @@ classifiers =
 python_requires = >=3.6
 packages=find_namespace:
 install_requires =
-    opentelemetry-exporter-zipkin-json == 1.5.0.dev0
-    opentelemetry-exporter-zipkin-proto-http == 1.5.0.dev0
+    opentelemetry-exporter-zipkin-json == 1.5.0
+    opentelemetry-exporter-zipkin-proto-http == 1.5.0
 
 [options.extras_require]
 test =
diff --git a/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py b/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py
index 36cd1d2223..c8902adc49 100644
--- a/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py
+++ b/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/opentelemetry-api/src/opentelemetry/version.py b/opentelemetry-api/src/opentelemetry/version.py
index 36cd1d2223..c8902adc49 100644
--- a/opentelemetry-api/src/opentelemetry/version.py
+++ b/opentelemetry-api/src/opentelemetry/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/opentelemetry-distro/setup.cfg b/opentelemetry-distro/setup.cfg
index 4819b09730..36779604d0 100644
--- a/opentelemetry-distro/setup.cfg
+++ b/opentelemetry-distro/setup.cfg
@@ -42,8 +42,8 @@ zip_safe = False
 include_package_data = True
 install_requires =
     opentelemetry-api ~= 1.3
-    opentelemetry-instrumentation == 0.24.dev0
-    opentelemetry-sdk == 1.5.0.dev0
+    opentelemetry-instrumentation == 0.24b0
+    opentelemetry-sdk == 1.5.0
 
 [options.packages.find]
 where = src
@@ -57,4 +57,4 @@ opentelemetry_configurator =
 [options.extras_require]
 test =
 otlp =
-    opentelemetry-exporter-otlp == 1.5.0.dev0
+    opentelemetry-exporter-otlp == 1.5.0
diff --git a/opentelemetry-distro/src/opentelemetry/distro/version.py b/opentelemetry-distro/src/opentelemetry/distro/version.py
index 5aeaec6556..d33bd87ce4 100644
--- a/opentelemetry-distro/src/opentelemetry/distro/version.py
+++ b/opentelemetry-distro/src/opentelemetry/distro/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.24.dev0"
+__version__ = "0.24b0"
diff --git a/opentelemetry-instrumentation/src/opentelemetry/instrumentation/bootstrap_gen.py b/opentelemetry-instrumentation/src/opentelemetry/instrumentation/bootstrap_gen.py
index 799c5b865c..e400a3417b 100644
--- a/opentelemetry-instrumentation/src/opentelemetry/instrumentation/bootstrap_gen.py
+++ b/opentelemetry-instrumentation/src/opentelemetry/instrumentation/bootstrap_gen.py
@@ -18,121 +18,121 @@
 libraries = {
     "aiohttp": {
         "library": "aiohttp ~= 3.0",
-        "instrumentation": "opentelemetry-instrumentation-aiohttp-client==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-aiohttp-client==0.24b0",
     },
     "aiopg": {
         "library": "aiopg >= 0.13.0, < 1.3.0",
-        "instrumentation": "opentelemetry-instrumentation-aiopg==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-aiopg==0.24b0",
     },
     "asgiref": {
         "library": "asgiref ~= 3.0",
-        "instrumentation": "opentelemetry-instrumentation-asgi==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-asgi==0.24b0",
     },
     "asyncpg": {
         "library": "asyncpg >= 0.12.0",
-        "instrumentation": "opentelemetry-instrumentation-asyncpg==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-asyncpg==0.24b0",
     },
     "boto": {
         "library": "boto~=2.0",
-        "instrumentation": "opentelemetry-instrumentation-boto==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-boto==0.24b0",
     },
     "botocore": {
         "library": "botocore ~= 1.0",
-        "instrumentation": "opentelemetry-instrumentation-botocore==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-botocore==0.24b0",
     },
     "celery": {
         "library": "celery >= 4.0, < 6.0",
-        "instrumentation": "opentelemetry-instrumentation-celery==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-celery==0.24b0",
     },
     "django": {
         "library": "django >= 1.10",
-        "instrumentation": "opentelemetry-instrumentation-django==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-django==0.24b0",
     },
     "elasticsearch": {
         "library": "elasticsearch >= 2.0",
-        "instrumentation": "opentelemetry-instrumentation-elasticsearch==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-elasticsearch==0.24b0",
     },
     "falcon": {
         "library": "falcon ~= 2.0",
-        "instrumentation": "opentelemetry-instrumentation-falcon==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-falcon==0.24b0",
     },
     "fastapi": {
-        "library": "fastapi ~= 0.58.1",
-        "instrumentation": "opentelemetry-instrumentation-fastapi==0.24.dev0",
+        "library": "fastapi ~= 0.58",
+        "instrumentation": "opentelemetry-instrumentation-fastapi==0.24b0",
     },
     "flask": {
         "library": "flask >= 1.0, < 3.0",
-        "instrumentation": "opentelemetry-instrumentation-flask==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-flask==0.24b0",
     },
     "grpcio": {
         "library": "grpcio ~= 1.27",
-        "instrumentation": "opentelemetry-instrumentation-grpc==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-grpc==0.24b0",
     },
     "httpx": {
         "library": "httpx >= 0.18.0, < 0.19.0",
-        "instrumentation": "opentelemetry-instrumentation-httpx==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-httpx==0.24b0",
     },
     "jinja2": {
         "library": "jinja2~=2.7",
-        "instrumentation": "opentelemetry-instrumentation-jinja2==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-jinja2==0.24b0",
     },
     "mysql-connector-python": {
         "library": "mysql-connector-python ~= 8.0",
-        "instrumentation": "opentelemetry-instrumentation-mysql==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-mysql==0.24b0",
     },
     "psycopg2": {
         "library": "psycopg2 >= 2.7.3.1",
-        "instrumentation": "opentelemetry-instrumentation-psycopg2==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-psycopg2==0.24b0",
     },
     "pymemcache": {
         "library": "pymemcache ~= 1.3",
-        "instrumentation": "opentelemetry-instrumentation-pymemcache==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-pymemcache==0.24b0",
     },
     "pymongo": {
         "library": "pymongo ~= 3.1",
-        "instrumentation": "opentelemetry-instrumentation-pymongo==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-pymongo==0.24b0",
     },
     "PyMySQL": {
         "library": "PyMySQL ~= 0.10.1",
-        "instrumentation": "opentelemetry-instrumentation-pymysql==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-pymysql==0.24b0",
     },
     "pyramid": {
         "library": "pyramid >= 1.7",
-        "instrumentation": "opentelemetry-instrumentation-pyramid==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-pyramid==0.24b0",
     },
     "redis": {
         "library": "redis >= 2.6",
-        "instrumentation": "opentelemetry-instrumentation-redis==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-redis==0.24b0",
     },
     "requests": {
         "library": "requests ~= 2.0",
-        "instrumentation": "opentelemetry-instrumentation-requests==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-requests==0.24b0",
     },
     "scikit-learn": {
         "library": "scikit-learn ~= 0.24.0",
-        "instrumentation": "opentelemetry-instrumentation-sklearn==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-sklearn==0.24b0",
     },
     "sqlalchemy": {
         "library": "sqlalchemy",
-        "instrumentation": "opentelemetry-instrumentation-sqlalchemy==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-sqlalchemy==0.24b0",
     },
     "starlette": {
         "library": "starlette ~= 0.13.0",
-        "instrumentation": "opentelemetry-instrumentation-starlette==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-starlette==0.24b0",
     },
     "tornado": {
         "library": "tornado >= 6.0",
-        "instrumentation": "opentelemetry-instrumentation-tornado==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-tornado==0.24b0",
     },
     "urllib3": {
         "library": "urllib3 >= 1.0.0, < 2.0.0",
-        "instrumentation": "opentelemetry-instrumentation-urllib3==0.24.dev0",
+        "instrumentation": "opentelemetry-instrumentation-urllib3==0.24b0",
     },
 }
 default_instrumentations = [
-    "opentelemetry-instrumentation-dbapi==0.24.dev0",
-    "opentelemetry-instrumentation-logging==0.24.dev0",
-    "opentelemetry-instrumentation-sqlite3==0.24.dev0",
-    "opentelemetry-instrumentation-urllib==0.24.dev0",
-    "opentelemetry-instrumentation-wsgi==0.24.dev0",
+    "opentelemetry-instrumentation-dbapi==0.24b0",
+    "opentelemetry-instrumentation-logging==0.24b0",
+    "opentelemetry-instrumentation-sqlite3==0.24b0",
+    "opentelemetry-instrumentation-urllib==0.24b0",
+    "opentelemetry-instrumentation-wsgi==0.24b0",
 ]
diff --git a/opentelemetry-instrumentation/src/opentelemetry/instrumentation/version.py b/opentelemetry-instrumentation/src/opentelemetry/instrumentation/version.py
index 5aeaec6556..d33bd87ce4 100644
--- a/opentelemetry-instrumentation/src/opentelemetry/instrumentation/version.py
+++ b/opentelemetry-instrumentation/src/opentelemetry/instrumentation/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.24.dev0"
+__version__ = "0.24b0"
diff --git a/opentelemetry-proto/src/opentelemetry/proto/version.py b/opentelemetry-proto/src/opentelemetry/proto/version.py
index 36cd1d2223..c8902adc49 100644
--- a/opentelemetry-proto/src/opentelemetry/proto/version.py
+++ b/opentelemetry-proto/src/opentelemetry/proto/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/opentelemetry-sdk/setup.cfg b/opentelemetry-sdk/setup.cfg
index e8cee4d6b7..160fde86e5 100644
--- a/opentelemetry-sdk/setup.cfg
+++ b/opentelemetry-sdk/setup.cfg
@@ -42,9 +42,9 @@ packages=find_namespace:
 zip_safe = False
 include_package_data = True
 install_requires =
-    opentelemetry-api == 1.5.0.dev0
-    opentelemetry-semantic-conventions == 0.24.dev0
-    opentelemetry-instrumentation == 0.24.dev0
+    opentelemetry-api == 1.5.0
+    opentelemetry-semantic-conventions == 0.24b0
+    opentelemetry-instrumentation == 0.24b0
 
 [options.packages.find]
 where = src
diff --git a/opentelemetry-sdk/src/opentelemetry/sdk/version.py b/opentelemetry-sdk/src/opentelemetry/sdk/version.py
index 36cd1d2223..c8902adc49 100644
--- a/opentelemetry-sdk/src/opentelemetry/sdk/version.py
+++ b/opentelemetry-sdk/src/opentelemetry/sdk/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py b/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py
index 5aeaec6556..d33bd87ce4 100644
--- a/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py
+++ b/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.24.dev0"
+__version__ = "0.24b0"
diff --git a/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py b/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py
index 36cd1d2223..c8902adc49 100644
--- a/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py
+++ b/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py b/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py
index 36cd1d2223..c8902adc49 100644
--- a/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py
+++ b/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.5.0.dev0"
+__version__ = "1.5.0"
diff --git a/shim/opentelemetry-opentracing-shim/setup.cfg b/shim/opentelemetry-opentracing-shim/setup.cfg
index b172898600..41f96654a0 100644
--- a/shim/opentelemetry-opentracing-shim/setup.cfg
+++ b/shim/opentelemetry-opentracing-shim/setup.cfg
@@ -46,7 +46,7 @@ install_requires =
 
 [options.extras_require]
 test =
-    opentelemetry-test == 0.24.dev0
+    opentelemetry-test == 0.24b0
     opentracing ~= 2.2.0
 
 [options.packages.find]
diff --git a/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py b/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py
index 5aeaec6556..d33bd87ce4 100644
--- a/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py
+++ b/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.24.dev0"
+__version__ = "0.24b0"
diff --git a/tests/util/src/opentelemetry/test/version.py b/tests/util/src/opentelemetry/test/version.py
index 668994320e..536b2ec853 100644
--- a/tests/util/src/opentelemetry/test/version.py
+++ b/tests/util/src/opentelemetry/test/version.py
@@ -1 +1 @@
-__version__ = "0.24.dev0"
+__version__ = "0.24b0"