diff --git a/python/src/otel/otel_sdk/nodeps-requirements.txt b/python/src/otel/otel_sdk/nodeps-requirements.txt
index 3f8c735bd7..ed3ac0f31d 100644
--- a/python/src/otel/otel_sdk/nodeps-requirements.txt
+++ b/python/src/otel/otel_sdk/nodeps-requirements.txt
@@ -1,4 +1,4 @@
 # TODO: move these dependencies to requirements.txt when they stopped relying on a pinned version of
 # opentelemetry-propagator-aws-xray
-opentelemetry-instrumentation-aws-lambda==0.58b0
-opentelemetry-instrumentation-botocore==0.58b0
+opentelemetry-instrumentation-aws-lambda==0.59b0
+opentelemetry-instrumentation-botocore==0.59b0
diff --git a/python/src/otel/otel_sdk/requirements.txt b/python/src/otel/otel_sdk/requirements.txt
index 586cf6357b..53f6620972 100644
--- a/python/src/otel/otel_sdk/requirements.txt
+++ b/python/src/otel/otel_sdk/requirements.txt
@@ -1,36 +1,36 @@
-opentelemetry-sdk==1.37.0
-opentelemetry-exporter-otlp-proto-http==1.37.0
-opentelemetry-distro==0.58b0
-opentelemetry-instrumentation==0.58b0
-opentelemetry-semantic-conventions==0.58b0
+opentelemetry-sdk==1.38.0
+opentelemetry-exporter-otlp-proto-http==1.38.0
+opentelemetry-distro==0.59b0
+opentelemetry-instrumentation==0.59b0
+opentelemetry-semantic-conventions==0.59b0
 opentelemetry-propagator-aws-xray==1.0.2
 
 # Instrumentation dependencies
-opentelemetry-instrumentation-aiohttp-client==0.58b0
-opentelemetry-util-http==0.58b0
-opentelemetry-instrumentation-asgi==0.58b0
-opentelemetry-instrumentation-asyncpg==0.58b0
-opentelemetry-instrumentation-boto==0.58b0
-opentelemetry-instrumentation-boto3sqs==0.58b0
-opentelemetry-instrumentation-celery==0.58b0
-opentelemetry-instrumentation-dbapi==0.58b0
-opentelemetry-instrumentation-django==0.58b0
-opentelemetry-instrumentation-elasticsearch==0.58b0
-opentelemetry-instrumentation-fastapi==0.58b0
-opentelemetry-instrumentation-falcon==0.58b0
-opentelemetry-instrumentation-flask==0.58b0
-opentelemetry-instrumentation-grpc==0.58b0
-opentelemetry-instrumentation-jinja2==0.58b0
-opentelemetry-instrumentation-mysql==0.58b0
-opentelemetry-instrumentation-psycopg2==0.58b0
-opentelemetry-instrumentation-pymemcache==0.58b0
-opentelemetry-instrumentation-pymongo==0.58b0
-opentelemetry-instrumentation-pymysql==0.58b0
-opentelemetry-instrumentation-pyramid==0.58b0
-opentelemetry-instrumentation-redis==0.58b0
-opentelemetry-instrumentation-requests==0.58b0
-opentelemetry-instrumentation-sqlalchemy==0.58b0
-opentelemetry-instrumentation-sqlite3==0.58b0
-opentelemetry-instrumentation-starlette==0.58b0
-opentelemetry-instrumentation-tornado==0.58b0
-opentelemetry-instrumentation-wsgi==0.58b0
+opentelemetry-instrumentation-aiohttp-client==0.59b0
+opentelemetry-util-http==0.59b0
+opentelemetry-instrumentation-asgi==0.59b0
+opentelemetry-instrumentation-asyncpg==0.59b0
+opentelemetry-instrumentation-boto==0.59b0
+opentelemetry-instrumentation-boto3sqs==0.59b0
+opentelemetry-instrumentation-celery==0.59b0
+opentelemetry-instrumentation-dbapi==0.59b0
+opentelemetry-instrumentation-django==0.59b0
+opentelemetry-instrumentation-elasticsearch==0.59b0
+opentelemetry-instrumentation-fastapi==0.59b0
+opentelemetry-instrumentation-falcon==0.59b0
+opentelemetry-instrumentation-flask==0.59b0
+opentelemetry-instrumentation-grpc==0.59b0
+opentelemetry-instrumentation-jinja2==0.59b0
+opentelemetry-instrumentation-mysql==0.59b0
+opentelemetry-instrumentation-psycopg2==0.59b0
+opentelemetry-instrumentation-pymemcache==0.59b0
+opentelemetry-instrumentation-pymongo==0.59b0
+opentelemetry-instrumentation-pymysql==0.59b0
+opentelemetry-instrumentation-pyramid==0.59b0
+opentelemetry-instrumentation-redis==0.59b0
+opentelemetry-instrumentation-requests==0.59b0
+opentelemetry-instrumentation-sqlalchemy==0.59b0
+opentelemetry-instrumentation-sqlite3==0.59b0
+opentelemetry-instrumentation-starlette==0.59b0
+opentelemetry-instrumentation-tornado==0.59b0
+opentelemetry-instrumentation-wsgi==0.59b0
diff --git a/python/src/otel/tests/nodeps-requirements.txt b/python/src/otel/tests/nodeps-requirements.txt
index 15421bd874..7541bd6c8c 100644
--- a/python/src/otel/tests/nodeps-requirements.txt
+++ b/python/src/otel/tests/nodeps-requirements.txt
@@ -1 +1 @@
-opentelemetry-instrumentation-aws-lambda==0.58b0
+opentelemetry-instrumentation-aws-lambda==0.59b0
diff --git a/python/src/otel/tests/requirements.txt b/python/src/otel/tests/requirements.txt
index 1ad9ce9482..f3b0b8b012 100644
--- a/python/src/otel/tests/requirements.txt
+++ b/python/src/otel/tests/requirements.txt
@@ -1,5 +1,5 @@
 # Dependencies used in tests only
-opentelemetry-test-utils==0.58b0
-opentelemetry-instrumentation == 0.58b0
-opentelemetry-semantic-conventions == 0.58b0
+opentelemetry-test-utils==0.59b0
+opentelemetry-instrumentation == 0.59b0
+opentelemetry-semantic-conventions == 0.59b0
 opentelemetry-propagator-aws-xray == 1.0.2