diff --git a/Cargo.lock b/Cargo.lock
index bbcb0e176..214097681 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2451,6 +2451,19 @@ name = "opentelemetry"
 version = "0.31.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b84bcd6ae87133e903af7ef497404dda70c60d0ea14895fc8a5e6722754fc2a0"
+dependencies = [
+ "futures-core",
+ "futures-sink",
+ "js-sys",
+ "pin-project-lite",
+ "thiserror 2.0.18",
+]
+
+[[package]]
+name = "opentelemetry"
+version = "0.32.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b0142c63252a9e054e68a4c61a5778f7b14f576274d593f8ce883d191a099682"
 dependencies = [
  "futures-core",
  "futures-sink",
@@ -2462,26 +2475,27 @@ dependencies = [
 
 [[package]]
 name = "opentelemetry-stdout"
-version = "0.31.0"
+version = "0.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bc8887887e169414f637b18751487cce4e095be787d23fad13c454e2fb1b3811"
+checksum = "a1b1c6a247d79091f0062a5f4bd058589525cf987a8d4c169440d9c1be72f0ad"
 dependencies = [
  "chrono",
- "opentelemetry",
+ "opentelemetry 0.32.0",
  "opentelemetry_sdk",
 ]
 
 [[package]]
 name = "opentelemetry_sdk"
-version = "0.31.0"
+version = "0.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e14ae4f5991976fd48df6d843de219ca6d31b01daaab2dad5af2badeded372bd"
+checksum = "368afaed344110f40b179bb8fbe54bc52d98f9bd2b281799ef32487c2650c956"
 dependencies = [
  "futures-channel",
  "futures-executor",
  "futures-util",
- "opentelemetry",
+ "opentelemetry 0.32.0",
  "percent-encoding",
+ "portable-atomic",
  "rand",
  "thiserror 2.0.18",
  "tokio",
@@ -4236,7 +4250,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1ac28f2d093c6c477eaa76b23525478f38de514fa9aeb1285738d4b97a9552fc"
 dependencies = [
  "js-sys",
- "opentelemetry",
+ "opentelemetry 0.31.0",
  "smallvec",
  "tracing",
  "tracing-core",
@@ -4725,7 +4739,7 @@ dependencies = [
  "anyhow",
  "chrono",
  "dirs",
- "opentelemetry",
+ "opentelemetry 0.32.0",
  "opentelemetry-stdout",
  "opentelemetry_sdk",
  "rstest",
diff --git a/crates/vx-metrics/Cargo.toml b/crates/vx-metrics/Cargo.toml
index 756cc9a6a..111ee0231 100644
--- a/crates/vx-metrics/Cargo.toml
+++ b/crates/vx-metrics/Cargo.toml
@@ -24,9 +24,9 @@ tracing = { workspace = true }
 tracing-subscriber = { workspace = true }
 
 # OpenTelemetry ecosystem
-opentelemetry = "0.31.0"
-opentelemetry_sdk = { version = "0.31.0", features = ["rt-tokio", "trace"] }
-opentelemetry-stdout = { version = "0.31.0", features = ["trace"] }
+opentelemetry = "0.32.0"
+opentelemetry_sdk = { version = "0.32.0", features = ["rt-tokio", "trace"] }
+opentelemetry-stdout = { version = "0.32.0", features = ["trace"] }
 tracing-opentelemetry = "0.32.1"
 workspace-hack = { version = "0.1", path = "../workspace-hack" }