diff --git a/setup.py b/setup.py
index 0cea2dd51d..647d82a6ca 100644
--- a/setup.py
+++ b/setup.py
@@ -91,7 +91,7 @@ def get_file_text(file_name):
             "opentelemetry-instrumentation-falcon==0.46b0",
             "opentelemetry-instrumentation-fastapi==0.46b0",
             "opentelemetry-instrumentation-flask==0.46b0",
-            "opentelemetry-instrumentation-grpc==0.46b0",
+            "opentelemetry-instrumentation-grpc==0.47b0",
             "opentelemetry-instrumentation-httpx==0.46b0",
             "opentelemetry-instrumentation-jinja2==0.46b0",
             "opentelemetry-instrumentation-kafka-python==0.46b0",