diff --git a/instrumentation/rails/CHANGELOG.md b/instrumentation/rails/CHANGELOG.md
index f34e01bd89..92044321ee 100644
--- a/instrumentation/rails/CHANGELOG.md
+++ b/instrumentation/rails/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-instrumentation-rails
 
+### v0.35.1 / 2025-01-28
+
+* DOCS: Required version in Rails README from 0.24 to 0.34.
+
 ### v0.35.0 / 2025-01-16
 
 * BREAKING CHANGE: Drop Support for EoL Rails 6.1
diff --git a/instrumentation/rails/lib/opentelemetry/instrumentation/rails/version.rb b/instrumentation/rails/lib/opentelemetry/instrumentation/rails/version.rb
index b8c5969c07..c876b9ead3 100644
--- a/instrumentation/rails/lib/opentelemetry/instrumentation/rails/version.rb
+++ b/instrumentation/rails/lib/opentelemetry/instrumentation/rails/version.rb
@@ -7,7 +7,7 @@
 module OpenTelemetry
   module Instrumentation
     module Rails
-      VERSION = '0.35.0'
+      VERSION = '0.35.1'
     end
   end
 end