diff --git a/instrumentation/ethon/CHANGELOG.md b/instrumentation/ethon/CHANGELOG.md
index a29948b1b6..85309bc564 100644
--- a/instrumentation/ethon/CHANGELOG.md
+++ b/instrumentation/ethon/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-instrumentation-ethon
 
+### v0.23.1 / 2025-09-02
+
+* FIXED: Improve Ethon exception handling
+
 ### v0.23.0 / 2025-08-13
 
 * ADDED: Add Ethon `OTEL_SEMCONV_STABILITY_OPT_IN` environment variable [#1561](https://github.com/open-telemetry/opentelemetry-ruby-contrib/pull/1561)
diff --git a/instrumentation/ethon/lib/opentelemetry/instrumentation/ethon/version.rb b/instrumentation/ethon/lib/opentelemetry/instrumentation/ethon/version.rb
index 2ddc86c840..0cb4849fd5 100644
--- a/instrumentation/ethon/lib/opentelemetry/instrumentation/ethon/version.rb
+++ b/instrumentation/ethon/lib/opentelemetry/instrumentation/ethon/version.rb
@@ -7,7 +7,7 @@
 module OpenTelemetry
   module Instrumentation
     module Ethon
-      VERSION = '0.23.0'
+      VERSION = '0.23.1'
     end
   end
 end