diff --git a/Cargo.lock b/Cargo.lock
index 7f3f0d4ae9..97e4d47e7e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7261,6 +7261,19 @@ dependencies = [
  "tracing",
 ]
 
+[[package]]
+name = "opentelemetry"
+version = "0.32.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b0142c63252a9e054e68a4c61a5778f7b14f576274d593f8ce883d191a099682"
+dependencies = [
+ "futures-core",
+ "futures-sink",
+ "js-sys",
+ "pin-project-lite",
+ "thiserror 2.0.18",
+]
+
 [[package]]
 name = "opentelemetry-http"
 version = "0.31.0"
@@ -12945,12 +12958,12 @@ dependencies = [
 
 [[package]]
 name = "tracing-opentelemetry"
-version = "0.32.1"
+version = "0.33.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1ac28f2d093c6c477eaa76b23525478f38de514fa9aeb1285738d4b97a9552fc"
+checksum = "adbc64cba7137545b8044cb1fe9814f7aacf3c6b5f9b45be8bb5db538befdb26"
 dependencies = [
  "js-sys",
- "opentelemetry 0.31.0",
+ "opentelemetry 0.32.0",
  "tracing",
  "tracing-core",
  "tracing-subscriber",
@@ -13721,7 +13734,7 @@ dependencies = [
  "mysten-metrics",
  "num-bigint 0.4.6",
  "object_store 0.11.2",
- "opentelemetry 0.31.0",
+ "opentelemetry 0.32.0",
  "opentelemetry-otlp 0.31.0",
  "opentelemetry-proto 0.31.0",
  "opentelemetry-semantic-conventions",
@@ -13767,7 +13780,7 @@ dependencies = [
  "tower 0.5.3",
  "tower-http 0.6.11",
  "tracing",
- "tracing-opentelemetry 0.32.1",
+ "tracing-opentelemetry 0.33.0",
  "tracing-subscriber",
  "twox-hash 2.1.2",
  "typed-store 1.52.0",
@@ -13829,7 +13842,7 @@ dependencies = [
  "futures",
  "http 1.4.1",
  "mime",
- "opentelemetry 0.31.0",
+ "opentelemetry 0.32.0",
  "p256",
  "pin-project",
  "prometheus",
@@ -13847,7 +13860,7 @@ dependencies = [
  "tokio",
  "tower 0.5.3",
  "tracing",
- "tracing-opentelemetry 0.32.1",
+ "tracing-opentelemetry 0.33.0",
  "utoipa",
  "walrus-core",
  "walrus-test-utils",
diff --git a/Cargo.toml b/Cargo.toml
index c453e2c52a..c41ad6ff11 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -88,7 +88,7 @@ mysten-metrics = { git = "https://github.com/MystenLabs/sui", tag = "testnet-v1.
 num-bigint = { version = "0.4.5", default-features = false }
 object_store = { version = "0.11.2", features = ["gcp"] }
 once_cell = { version = "1.21.4" }
-opentelemetry = { version = "=0.31", default-features = false, features = ["trace"] }
+opentelemetry = { version = "=0.32", default-features = false, features = ["trace"] }
 opentelemetry-otlp = { version = "=0.31" }
 opentelemetry-proto = { version = "=0.31", default-features = false, features = ["with-serde"] }
 opentelemetry-semantic-conventions = "=0.31"
@@ -154,7 +154,7 @@ tonic = { version = "0.14.6", default-features = false }
 tower = "0.5"
 tower-http = { version = "0.6.11", features = ["cors", "timeout", "trace"] }
 tracing = "0.1.44"
-tracing-opentelemetry = { version = "=0.32.1", default-features = false }
+tracing-opentelemetry = { version = "=0.33.0", default-features = false }
 tracing-subscriber = { version = "0.3.23", default-features = false, features = ["env-filter", "fmt"] }
 twox-hash = "2.1.2"
 typed-store = { path = "crates/typed-store" }