diff --git a/go.mod b/go.mod
index ae28648669..2a8d491d71 100644
--- a/go.mod
+++ b/go.mod
@@ -33,11 +33,11 @@ require (
 	github.com/stretchr/testify v1.9.0
 	github.com/wealdtech/go-eth2-wallet-encryptor-keystorev4 v1.4.1
 	go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.56.0
-	go.opentelemetry.io/otel v1.31.0
+	go.opentelemetry.io/otel v1.32.0
 	go.opentelemetry.io/otel/exporters/jaeger v1.17.0
 	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.31.0
 	go.opentelemetry.io/otel/sdk v1.31.0
-	go.opentelemetry.io/otel/trace v1.31.0
+	go.opentelemetry.io/otel/trace v1.32.0
 	go.uber.org/automaxprocs v1.6.0
 	go.uber.org/goleak v1.3.0
 	go.uber.org/zap v1.27.0
@@ -184,7 +184,7 @@ require (
 	github.com/subosito/gotenv v1.6.0 // indirect
 	github.com/vbatts/tar-split v0.11.5 // indirect
 	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.22.0 // indirect
-	go.opentelemetry.io/otel/metric v1.31.0 // indirect
+	go.opentelemetry.io/otel/metric v1.32.0 // indirect
 	go.uber.org/atomic v1.11.0 // indirect
 	go.uber.org/dig v1.17.1 // indirect
 	go.uber.org/fx v1.20.1 // indirect
diff --git a/go.sum b/go.sum
index e2e9a4d82d..93a39ed0a1 100644
--- a/go.sum
+++ b/go.sum
@@ -546,8 +546,8 @@ github.com/yuin/goldmark v1.3.5/go.mod h1:mwnBkeHKe2W/ZEtQ+71ViKU8L12m81fl3OWwC1
 go.opencensus.io v0.18.0/go.mod h1:vKdFvxhtzZ9onBp9VKHK8z/sRpBMnKAsufL7wlDrCOA=
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.56.0 h1:UP6IpuHFkUgOQL9FFQFrZ+5LiwhhYRbi7VZSIx6Nj5s=
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.56.0/go.mod h1:qxuZLtbq5QDtdeSHsS7bcf6EH6uO6jUAgk764zd3rhM=
-go.opentelemetry.io/otel v1.31.0 h1:NsJcKPIW0D0H3NgzPDHmo0WW6SptzPdqg/L1zsIm2hY=
-go.opentelemetry.io/otel v1.31.0/go.mod h1:O0C14Yl9FgkjqcCZAsE053C13OaddMYr/hz6clDkEJE=
+go.opentelemetry.io/otel v1.32.0 h1:WnBN+Xjcteh0zdk01SVqV55d/m62NJLJdIyb4y/WO5U=
+go.opentelemetry.io/otel v1.32.0/go.mod h1:00DCVSB0RQcnzlwyTfqtxSm+DRr9hpYrHjNGiBHVQIg=
 go.opentelemetry.io/otel/exporters/jaeger v1.17.0 h1:D7UpUy2Xc2wsi1Ras6V40q806WM07rqoCWzXu7Sqy+4=
 go.opentelemetry.io/otel/exporters/jaeger v1.17.0/go.mod h1:nPCqOnEH9rNLKqH/+rrUjiMzHJdV1BlpKcTwRTyKkKI=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.22.0 h1:9M3+rhx7kZCIQQhQRYaZCdNu1V73tm4TvXs2ntl98C4=
@@ -556,14 +556,14 @@ go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp v1.24.0 h1:Xw8U6
 go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp v1.24.0/go.mod h1:6KW1Fm6R/s6Z3PGXwSJN2K4eT6wQB3vXX6CVnYX9NmM=
 go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.31.0 h1:UGZ1QwZWY67Z6BmckTU+9Rxn04m2bD3gD6Mk0OIOCPk=
 go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.31.0/go.mod h1:fcwWuDuaObkkChiDlhEpSq9+X1C0omv+s5mBtToAQ64=
-go.opentelemetry.io/otel/metric v1.31.0 h1:FSErL0ATQAmYHUIzSezZibnyVlft1ybhy4ozRPcF2fE=
-go.opentelemetry.io/otel/metric v1.31.0/go.mod h1:C3dEloVbLuYoX41KpmAhOqNriGbA+qqH6PQ5E5mUfnY=
+go.opentelemetry.io/otel/metric v1.32.0 h1:xV2umtmNcThh2/a/aCP+h64Xx5wsj8qqnkYZktzNa0M=
+go.opentelemetry.io/otel/metric v1.32.0/go.mod h1:jH7CIbbK6SH2V2wE16W05BHCtIDzauciCRLoc/SyMv8=
 go.opentelemetry.io/otel/sdk v1.31.0 h1:xLY3abVHYZ5HSfOg3l2E5LUj2Cwva5Y7yGxnSW9H5Gk=
 go.opentelemetry.io/otel/sdk v1.31.0/go.mod h1:TfRbMdhvxIIr/B2N2LQW2S5v9m3gOQ/08KsbbO5BPT0=
 go.opentelemetry.io/otel/sdk/metric v1.19.0 h1:EJoTO5qysMsYCa+w4UghwFV/ptQgqSL/8Ni+hx+8i1k=
 go.opentelemetry.io/otel/sdk/metric v1.19.0/go.mod h1:XjG0jQyFJrv2PbMvwND7LwCEhsJzCzV5210euduKcKY=
-go.opentelemetry.io/otel/trace v1.31.0 h1:ffjsj1aRouKewfr85U2aGagJ46+MvodynlQ1HYdmJys=
-go.opentelemetry.io/otel/trace v1.31.0/go.mod h1:TXZkRk7SM2ZQLtR6eoAWQFIHPvzQ06FJAsO1tJg480A=
+go.opentelemetry.io/otel/trace v1.32.0 h1:WIC9mYrXf8TmY/EXuULKc8hR17vE+Hjv2cssQDe03fM=
+go.opentelemetry.io/otel/trace v1.32.0/go.mod h1:+i4rkvCraA+tG6AzwloGaCtkx53Fa+L+V8e9a7YvhT8=
 go.opentelemetry.io/proto/otlp v1.3.1 h1:TrMUixzpM0yuc/znrFTP9MMRh8trP93mkCiDVeXrui0=
 go.opentelemetry.io/proto/otlp v1.3.1/go.mod h1:0X1WI4de4ZsLrrJNLAQbFeLCm3T7yBkR0XqQ7niQU+8=
 go.uber.org/atomic v1.7.0/go.mod h1:fEN4uk6kAWBTFdckzkM89CLk9XfWZrxpCo0nPH17wJc=