diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7b718896178..7aa5c8051f9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,24 +8,26 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 ## [Unreleased]
 
+## [1.17.0/0.40.0/0.0.5] 2023-08-28
+
 ### Added
 
-- Add `ManualReader` struct in `go.opentelemetry.io/otel/sdk/metric`. (#4244)
-- Add `PeriodicReader` struct in `go.opentelemetry.io/otel/sdk/metric`. (#4244)
+- Export the `ManualReader` struct in `go.opentelemetry.io/otel/sdk/metric`. (#4244)
+- Export the `PeriodicReader` struct in `go.opentelemetry.io/otel/sdk/metric`. (#4244)
 - Add support for exponential histogram aggregations.
-  A histogram can be configured as an exponential histogram using a view with `go.opentelemetry.io/otel/sdk/metric/aggregation.ExponentialHistogram` as the aggregation. (#4245)
-- Add `Exporter` struct in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc`. (#4272)
-- Add `Exporter` struct in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp`. (#4272)
-- OTLP Metrics Exporter now supports the `OTEL_EXPORTER_OTLP_METRICS_TEMPORALITY_PREFERENCE` environment variable. (#4287)
+  A histogram can be configured as an exponential histogram using a view with `"go.opentelemetry.io/otel/sdk/metric".ExponentialHistogram` as the aggregation. (#4245)
+- Export the `Exporter` struct in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc`. (#4272)
+- Export the `Exporter` struct in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp`. (#4272)
+- The exporters in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric` now support the `OTEL_EXPORTER_OTLP_METRICS_TEMPORALITY_PREFERENCE` environment variable. (#4287)
 - Add `WithoutCounterSuffixes` option in `go.opentelemetry.io/otel/exporters/prometheus` to disable addition of `_total` suffixes. (#4306)
-- Add info and debug logging to the metric SDK. (#4315)
+- Add info and debug logging to the metric SDK in `go.opentelemetry.io/otel/sdk/metric`. (#4315)
 - The `go.opentelemetry.io/otel/semconv/v1.21.0` package.
   The package contains semantic conventions from the `v1.21.0` version of the OpenTelemetry Semantic Conventions. (#4362)
 - Accept 201 to 299 HTTP status as success in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp` and `go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp`. (#4365)
 - Document the `Temporality` and `Aggregation` methods of the `"go.opentelemetry.io/otel/sdk/metric".Exporter"` need to be concurrent safe. (#4381)
-- Expand the set of units supported by the prometheus exporter, and don't add unit suffixes if they are already present in `go.opentelemetry.op/otel/exporters/prometheus` (#4374)
+- Expand the set of units supported by the Prometheus exporter, and don't add unit suffixes if they are already present in `go.opentelemetry.op/otel/exporters/prometheus` (#4374)
 - Move the `Aggregation` interface and its implementations from `go.opentelemetry.io/otel/sdk/metric/aggregation` to `go.opentelemetry.io/otel/sdk/metric`. (#4435)
-- The exporters in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc` and `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp` support the `OTEL_EXPORTER_OTLP_METRICS_DEFAULT_HISTOGRAM_AGGREGATION` environment variable. (#4437)
+- The exporters in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric` now support the `OTEL_EXPORTER_OTLP_METRICS_DEFAULT_HISTOGRAM_AGGREGATION` environment variable. (#4437)
 - Add the `NewAllowKeysFilter` and `NewDenyKeysFilter` functions to `go.opentelemetry.io/otel/attribute` to allow convenient creation of allow-keys and deny-keys filters. (#4444)
 - Support Go 1.21. (#4463)
 
@@ -33,23 +35,25 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 - Starting from `v1.21.0` of semantic conventions, `go.opentelemetry.io/otel/semconv/{version}/httpconv` and `go.opentelemetry.io/otel/semconv/{version}/netconv` packages will no longer be published. (#4145)
 - Log duplicate instrument conflict at a warning level instead of info in `go.opentelemetry.io/otel/sdk/metric`. (#4202)
-- Return an error on the creation of new instruments if their name doesn't pass regexp validation. (#4210)
+- Return an error on the creation of new instruments in `go.opentelemetry.io/otel/sdk/metric` if their name doesn't pass regexp validation. (#4210)
 - `NewManualReader` in `go.opentelemetry.io/otel/sdk/metric` returns `*ManualReader` instead of `Reader`. (#4244)
 - `NewPeriodicReader` in `go.opentelemetry.io/otel/sdk/metric` returns `*PeriodicReader` instead of `Reader`. (#4244)
-- Count the Collect time in the PeriodicReader timeout. (#4221)
-- `New` in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc` returns `*Exporter` instead of `"go.opentelemetry.io/otel/sdk/metric".Exporter`. (#4272)
-- `New` in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp` returns `*Exporter` instead of `"go.opentelemetry.io/otel/sdk/metric".Exporter`. (#4272)
-- If an attribute set is omitted from an async callback, the previous value will no longer be exported. (#4290)
-- If an attribute set is Observed multiple times in an async callback, the values will be summed instead of the last observation winning. (#4289)
+- Count the Collect time in the `PeriodicReader` timeout in `go.opentelemetry.io/otel/sdk/metric`. (#4221)
+- The function `New` in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc` returns `*Exporter` instead of `"go.opentelemetry.io/otel/sdk/metric".Exporter`. (#4272)
+- The function `New` in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp` returns `*Exporter` instead of `"go.opentelemetry.io/otel/sdk/metric".Exporter`. (#4272)
+- If an attribute set is omitted from an async callback, the previous value will no longer be exported in `go.opentelemetry.io/otel/sdk/metric`. (#4290)
+- If an attribute set is observed multiple times in an async callback in `go.opentelemetry.io/otel/sdk/metric`, the values will be summed instead of the last observation winning. (#4289)
 - Allow the explicit bucket histogram aggregation to be used for the up-down counter, observable counter, observable up-down counter, and observable gauge in the `go.opentelemetry.io/otel/sdk/metric` package. (#4332)
 - Restrict `Meter`s in `go.opentelemetry.io/otel/sdk/metric` to only register and collect instruments it created. (#4333)
 - `PeriodicReader.Shutdown` and `PeriodicReader.ForceFlush` in `go.opentelemetry.io/otel/sdk/metric` now apply the periodic reader's timeout to the operation if the user provided context does not contain a deadline. (#4356, #4377)
 - Upgrade all use of `go.opentelemetry.io/otel/semconv` to use `v1.21.0`. (#4408)
-- Increase instrument name maximum length from 63 to 255 characters. (#4434)
-- Add `go.opentelemetry.op/otel/sdk/metric.WithProducer` as an Option for metric.NewManualReader and metric.NewPeriodicReader, and remove `Reader.RegisterProducer()` (#4346)
+- Increase instrument name maximum length from 63 to 255 characters in `go.opentelemetry.io/otel/sdk/metric`. (#4434)
+- Add `go.opentelemetry.op/otel/sdk/metric.WithProducer` as an `Option` for `"go.opentelemetry.io/otel/sdk/metric".NewManualReader` and `"go.opentelemetry.io/otel/sdk/metric".NewPeriodicReader`. (#4346)
 
 ### Removed
 
+- Remove `Reader.RegisterProducer` in `go.opentelemetry.io/otel/metric`.
+  Use the added `WithProducer` option instead. (#4346)
 - Remove `Reader.ForceFlush` in `go.opentelemetry.io/otel/metric`.
   Notice that `PeriodicReader.ForceFlush` is still available. (#4375)
 
@@ -57,21 +61,21 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 - Correctly format log messages from the `go.opentelemetry.io/otel/exporters/zipkin` exporter. (#4143)
 - Log an error for calls to `NewView` in `go.opentelemetry.io/otel/sdk/metric` that have empty criteria. (#4307)
-- Fix `resource.WithHostID()` to not set an empty `host.id`. (#4317)
+- Fix `"go.opentelemetry.io/otel/sdk/resource".WithHostID()` to not set an empty `host.id`. (#4317)
 - Use the instrument identifying fields to cache aggregators and determine duplicate instrument registrations in `go.opentelemetry.io/otel/sdk/metric`. (#4337)
 - Detect duplicate instruments for case-insensitive names in `go.opentelemetry.io/otel/sdk/metric`. (#4338)
-- The `ManualReader` will not panic if `AggregationSelector` returns `nil`. (#4350)
-- If a Reader's AggregationSelector return nil or DefaultAggregation the pipeline will use the default aggregation. (#4350)
+- The `ManualReader` will not panic if `AggregationSelector` returns `nil` in `go.opentelemetry.io/otel/sdk/metric`. (#4350)
+- If a `Reader`'s `AggregationSelector` returns `nil` or `DefaultAggregation` the pipeline will use the default aggregation. (#4350)
 - Log a suggested view that fixes instrument conflicts in `go.opentelemetry.io/otel/sdk/metric`. (#4349)
 - Fix possible panic, deadlock and race condition in batch span processor in `go.opentelemetry.io/otel/sdk/trace`. (#4353)
-- Improve context cancelation handling in batch span processor's `ForceFlush` in  `go.opentelemetry.io/otel/sdk/trace`. (#4369)
+- Improve context cancellation handling in batch span processor's `ForceFlush` in  `go.opentelemetry.io/otel/sdk/trace`. (#4369)
 - Decouple `go.opentelemetry.io/otel/exporters/otlp/otlptrace/internal` from `go.opentelemetry.io/otel/exporters/otlp/internal` using gotmpl. (#4397, #3846)
 - Decouple `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc/internal` from `go.opentelemetry.io/otel/exporters/otlp/internal` and `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/internal` using gotmpl. (#4404, #3846)
 - Decouple `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp/internal` from `go.opentelemetry.io/otel/exporters/otlp/internal` and `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/internal` using gotmpl. (#4407, #3846)
 - Decouple `go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc/internal` from `go.opentelemetry.io/otel/exporters/otlp/internal` and `go.opentelemetry.io/otel/exporters/otlp/otlptrace/internal` using gotmpl. (#4400, #3846)
 - Decouple `go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp/internal` from `go.opentelemetry.io/otel/exporters/otlp/internal` and `go.opentelemetry.io/otel/exporters/otlp/otlptrace/internal` using gotmpl. (#4401, #3846)
 - Do not block the metric SDK when OTLP metric exports are blocked in `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetricgrpc` and `go.opentelemetry.io/otel/exporters/otlp/otlpmetric/otlpmetrichttp`. (#3925, #4395)
-- Do not append _total if the counter already ends in total `go.opentelemetry.io/otel/exporter/prometheus`. (#4373)
+- Do not append `_total` if the counter already has that suffix for the Prometheus exproter in `go.opentelemetry.io/otel/exporter/prometheus`. (#4373)
 - Fix resource detection data race in `go.opentelemetry.io/otel/sdk/resource`. (#4409)
 - Use the first-seen instrument name during instrument name conflicts in `go.opentelemetry.io/otel/sdk/metric`. (#4428)
 
@@ -2587,7 +2591,8 @@ It contains api and sdk for trace and meter.
 - CircleCI build CI manifest files.
 - CODEOWNERS file to track owners of this project.
 
-[Unreleased]: https://github.com/open-telemetry/opentelemetry-go/compare/v1.16.0...HEAD
+[Unreleased]: https://github.com/open-telemetry/opentelemetry-go/compare/v1.17.0...HEAD
+[1.17.0/0.40.0/0.0.5]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.17.0
 [1.16.0/0.39.0]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.16.0
 [1.16.0-rc.1/0.39.0-rc.1]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.16.0-rc.1
 [1.15.1/0.38.1]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.15.1
diff --git a/bridge/opencensus/go.mod b/bridge/opencensus/go.mod
index b650a2ac01a..d4515795b46 100644
--- a/bridge/opencensus/go.mod
+++ b/bridge/opencensus/go.mod
@@ -5,10 +5,10 @@ go 1.19
 require (
 	github.com/stretchr/testify v1.8.4
 	go.opencensus.io v0.24.0
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
@@ -18,7 +18,7 @@ require (
 	github.com/golang/groupcache v0.0.0-20200121045136-8c9f03a8e57e // indirect
 	github.com/kr/pretty v0.1.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/check.v1 v1.0.0-20190902080502-41f04d3bba15 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
diff --git a/bridge/opencensus/test/go.mod b/bridge/opencensus/test/go.mod
index 1290cee67be..7ff3ee957b6 100644
--- a/bridge/opencensus/test/go.mod
+++ b/bridge/opencensus/test/go.mod
@@ -4,18 +4,18 @@ go 1.19
 
 require (
 	go.opencensus.io v0.24.0
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/bridge/opencensus v0.39.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/bridge/opencensus v0.40.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/golang/groupcache v0.0.0-20200121045136-8c9f03a8e57e // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/sdk/metric v0.39.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/sdk/metric v0.40.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/bridge/opentracing/go.mod b/bridge/opentracing/go.mod
index 8772e6f4ac6..8a81f16ae86 100644
--- a/bridge/opentracing/go.mod
+++ b/bridge/opentracing/go.mod
@@ -9,8 +9,8 @@ replace go.opentelemetry.io/otel/trace => ../../trace
 require (
 	github.com/opentracing/opentracing-go v1.2.0
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
@@ -18,7 +18,7 @@ require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
 
diff --git a/bridge/opentracing/test/go.mod b/bridge/opentracing/test/go.mod
index 4d0c5393327..e09614c4f4c 100644
--- a/bridge/opentracing/test/go.mod
+++ b/bridge/opentracing/test/go.mod
@@ -12,8 +12,8 @@ require (
 	github.com/opentracing-contrib/go-grpc v0.0.0-20210225150812-73cb765af46e
 	github.com/opentracing/opentracing-go v1.2.0
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/bridge/opentracing v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/bridge/opentracing v1.17.0
 	google.golang.org/grpc v1.57.0
 )
 
@@ -23,8 +23,8 @@ require (
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/golang/protobuf v1.5.3 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/net v0.9.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/example/fib/go.mod b/example/fib/go.mod
index bfa54170291..3f391b6e4da 100644
--- a/example/fib/go.mod
+++ b/example/fib/go.mod
@@ -3,16 +3,16 @@ module go.opentelemetry.io/otel/example/fib
 go 1.19
 
 require (
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/example/jaeger/go.mod b/example/jaeger/go.mod
index b2be8745d5a..847ddfeaff3 100644
--- a/example/jaeger/go.mod
+++ b/example/jaeger/go.mod
@@ -15,16 +15,16 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/jaeger v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/jaeger v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/example/namedtracer/go.mod b/example/namedtracer/go.mod
index 40a4ca0d780..6e5730dd516 100644
--- a/example/namedtracer/go.mod
+++ b/example/namedtracer/go.mod
@@ -9,15 +9,15 @@ replace (
 
 require (
 	github.com/go-logr/stdr v1.2.2
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/example/opencensus/go.mod b/example/opencensus/go.mod
index 5807ecfd1f2..d6601690bf8 100644
--- a/example/opencensus/go.mod
+++ b/example/opencensus/go.mod
@@ -10,20 +10,20 @@ replace (
 
 require (
 	go.opencensus.io v0.24.0
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/bridge/opencensus v0.39.0
-	go.opentelemetry.io/otel/exporters/stdout/stdoutmetric v0.39.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/bridge/opencensus v0.40.0
+	go.opentelemetry.io/otel/exporters/stdout/stdoutmetric v0.40.0
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/golang/groupcache v0.0.0-20200121045136-8c9f03a8e57e // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/example/otel-collector/go.mod b/example/otel-collector/go.mod
index c2d967bda81..63390fe66c7 100644
--- a/example/otel-collector/go.mod
+++ b/example/otel-collector/go.mod
@@ -8,10 +8,10 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 	google.golang.org/grpc v1.57.0
 )
 
@@ -21,8 +21,8 @@ require (
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/golang/protobuf v1.5.3 // indirect
 	github.com/grpc-ecosystem/grpc-gateway/v2 v2.16.0 // indirect
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.16.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.17.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	go.opentelemetry.io/proto/otlp v1.0.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
diff --git a/example/passthrough/go.mod b/example/passthrough/go.mod
index 4d1ead190fb..6403fbe26bc 100644
--- a/example/passthrough/go.mod
+++ b/example/passthrough/go.mod
@@ -3,16 +3,16 @@ module go.opentelemetry.io/otel/example/passthrough
 go 1.19
 
 require (
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/example/prometheus/go.mod b/example/prometheus/go.mod
index 510392cdfce..596b1e690e8 100644
--- a/example/prometheus/go.mod
+++ b/example/prometheus/go.mod
@@ -4,10 +4,10 @@ go 1.19
 
 require (
 	github.com/prometheus/client_golang v1.16.0
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/prometheus v0.39.0
-	go.opentelemetry.io/otel/metric v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/prometheus v0.40.0
+	go.opentelemetry.io/otel/metric v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 )
 
 require (
@@ -20,8 +20,8 @@ require (
 	github.com/prometheus/client_model v0.4.0 // indirect
 	github.com/prometheus/common v0.42.0 // indirect
 	github.com/prometheus/procfs v0.10.1 // indirect
-	go.opentelemetry.io/otel/sdk v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/sdk v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	google.golang.org/protobuf v1.31.0 // indirect
 )
diff --git a/example/view/go.mod b/example/view/go.mod
index bfac7cea8dd..740c76dfdf5 100644
--- a/example/view/go.mod
+++ b/example/view/go.mod
@@ -4,11 +4,11 @@ go 1.19
 
 require (
 	github.com/prometheus/client_golang v1.16.0
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/prometheus v0.39.0
-	go.opentelemetry.io/otel/metric v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/prometheus v0.40.0
+	go.opentelemetry.io/otel/metric v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 )
 
 require (
@@ -21,7 +21,7 @@ require (
 	github.com/prometheus/client_model v0.4.0 // indirect
 	github.com/prometheus/common v0.42.0 // indirect
 	github.com/prometheus/procfs v0.10.1 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	google.golang.org/protobuf v1.31.0 // indirect
 )
diff --git a/example/zipkin/go.mod b/example/zipkin/go.mod
index e86ed2ddd7b..8c8cc598c8b 100644
--- a/example/zipkin/go.mod
+++ b/example/zipkin/go.mod
@@ -9,17 +9,17 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/zipkin v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/zipkin v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/openzipkin/zipkin-go v0.4.2 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 )
 
diff --git a/exporters/jaeger/go.mod b/exporters/jaeger/go.mod
index cef7005a963..1a06d5d85cd 100644
--- a/exporters/jaeger/go.mod
+++ b/exporters/jaeger/go.mod
@@ -12,16 +12,16 @@ require (
 	github.com/go-logr/stdr v1.2.2
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/davecgh/go-spew v1.1.1 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
 	github.com/stretchr/objx v0.5.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
diff --git a/exporters/otlp/otlpmetric/go.mod b/exporters/otlp/otlpmetric/go.mod
index 0f36b495e9e..a01756c663a 100644
--- a/exporters/otlp/otlpmetric/go.mod
+++ b/exporters/otlp/otlpmetric/go.mod
@@ -5,10 +5,10 @@ go 1.19
 require (
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 	go.opentelemetry.io/proto/otlp v1.0.0
 	google.golang.org/grpc v1.57.0
 	google.golang.org/protobuf v1.31.0
@@ -24,8 +24,8 @@ require (
 	github.com/kr/text v0.2.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
 	github.com/rogpeppe/go-internal v1.10.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod b/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
index 4b865521994..f525d64427c 100644
--- a/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
+++ b/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
@@ -8,10 +8,10 @@ require (
 	github.com/cenkalti/backoff/v4 v4.2.1
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.39.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.40.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 	go.opentelemetry.io/proto/otlp v1.0.0
 	google.golang.org/genproto/googleapis/rpc v0.0.0-20230530153820-e85fd2cbaebc
 	google.golang.org/grpc v1.57.0
@@ -25,8 +25,8 @@ require (
 	github.com/golang/protobuf v1.5.3 // indirect
 	github.com/grpc-ecosystem/grpc-gateway/v2 v2.16.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod b/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
index 9c6c5c1e784..09d4232baf4 100644
--- a/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
+++ b/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
@@ -8,10 +8,10 @@ require (
 	github.com/cenkalti/backoff/v4 v4.2.1
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.39.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.40.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 	go.opentelemetry.io/proto/otlp v1.0.0
 	google.golang.org/grpc v1.57.0
 	google.golang.org/protobuf v1.31.0
@@ -24,8 +24,8 @@ require (
 	github.com/golang/protobuf v1.5.3 // indirect
 	github.com/grpc-ecosystem/grpc-gateway/v2 v2.16.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/exporters/otlp/otlpmetric/version.go b/exporters/otlp/otlpmetric/version.go
index caec1c40886..de195b0bf8c 100644
--- a/exporters/otlp/otlpmetric/version.go
+++ b/exporters/otlp/otlpmetric/version.go
@@ -16,5 +16,5 @@ package otlpmetric // import "go.opentelemetry.io/otel/exporters/otlp/otlpmetric
 
 // Version is the current release version of the OpenTelemetry OTLP metrics exporter in use.
 func Version() string {
-	return "0.39.0"
+	return "0.40.0"
 }
diff --git a/exporters/otlp/otlptrace/go.mod b/exporters/otlp/otlptrace/go.mod
index 9b9d3815751..cef7950ed8a 100644
--- a/exporters/otlp/otlptrace/go.mod
+++ b/exporters/otlp/otlptrace/go.mod
@@ -6,9 +6,9 @@ require (
 	github.com/cenkalti/backoff/v4 v4.2.1
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 	go.opentelemetry.io/proto/otlp v1.0.0
 	google.golang.org/grpc v1.57.0
 	google.golang.org/protobuf v1.31.0
@@ -23,7 +23,7 @@ require (
 	github.com/kr/text v0.2.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
 	github.com/rogpeppe/go-internal v1.10.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/exporters/otlp/otlptrace/otlptracegrpc/go.mod b/exporters/otlp/otlptrace/otlptracegrpc/go.mod
index 8e54df641bc..9ba09a69e25 100644
--- a/exporters/otlp/otlptrace/otlptracegrpc/go.mod
+++ b/exporters/otlp/otlptrace/otlptracegrpc/go.mod
@@ -5,10 +5,10 @@ go 1.19
 require (
 	github.com/cenkalti/backoff/v4 v4.2.1
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 	go.opentelemetry.io/proto/otlp v1.0.0
 	go.uber.org/goleak v1.2.1
 	google.golang.org/genproto/googleapis/rpc v0.0.0-20230530153820-e85fd2cbaebc
@@ -23,7 +23,7 @@ require (
 	github.com/golang/protobuf v1.5.3 // indirect
 	github.com/grpc-ecosystem/grpc-gateway/v2 v2.16.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/exporters/otlp/otlptrace/otlptracehttp/go.mod b/exporters/otlp/otlptrace/otlptracehttp/go.mod
index f891821c536..0bf86a8b7ea 100644
--- a/exporters/otlp/otlptrace/otlptracehttp/go.mod
+++ b/exporters/otlp/otlptrace/otlptracehttp/go.mod
@@ -5,10 +5,10 @@ go 1.19
 require (
 	github.com/cenkalti/backoff/v4 v4.2.1
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 	go.opentelemetry.io/proto/otlp v1.0.0
 	google.golang.org/grpc v1.57.0
 	google.golang.org/protobuf v1.31.0
@@ -21,7 +21,7 @@ require (
 	github.com/golang/protobuf v1.5.3 // indirect
 	github.com/grpc-ecosystem/grpc-gateway/v2 v2.16.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/net v0.10.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	golang.org/x/text v0.9.0 // indirect
diff --git a/exporters/otlp/otlptrace/version.go b/exporters/otlp/otlptrace/version.go
index db70dc53143..1780b71659b 100644
--- a/exporters/otlp/otlptrace/version.go
+++ b/exporters/otlp/otlptrace/version.go
@@ -16,5 +16,5 @@ package otlptrace // import "go.opentelemetry.io/otel/exporters/otlp/otlptrace"
 
 // Version is the current release version of the OpenTelemetry OTLP trace exporter in use.
 func Version() string {
-	return "1.16.0"
+	return "1.17.0"
 }
diff --git a/exporters/prometheus/go.mod b/exporters/prometheus/go.mod
index 8c412831e9b..b25c82a818d 100644
--- a/exporters/prometheus/go.mod
+++ b/exporters/prometheus/go.mod
@@ -6,10 +6,10 @@ require (
 	github.com/prometheus/client_golang v1.16.0
 	github.com/prometheus/client_model v0.4.0
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/metric v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/metric v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 	google.golang.org/protobuf v1.31.0
 )
 
@@ -26,7 +26,7 @@ require (
 	github.com/prometheus/common v0.42.0 // indirect
 	github.com/prometheus/procfs v0.10.1 // indirect
 	github.com/rogpeppe/go-internal v1.10.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
diff --git a/exporters/stdout/stdoutmetric/go.mod b/exporters/stdout/stdoutmetric/go.mod
index 2d269fbd80b..28f9a60b1c2 100644
--- a/exporters/stdout/stdoutmetric/go.mod
+++ b/exporters/stdout/stdoutmetric/go.mod
@@ -4,9 +4,9 @@ go 1.19
 
 require (
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/sdk/metric v0.39.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/sdk/metric v0.40.0
 )
 
 require (
@@ -14,8 +14,8 @@ require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
diff --git a/exporters/stdout/stdouttrace/go.mod b/exporters/stdout/stdouttrace/go.mod
index edfdded4033..a69603ca0d1 100644
--- a/exporters/stdout/stdouttrace/go.mod
+++ b/exporters/stdout/stdouttrace/go.mod
@@ -9,9 +9,9 @@ replace (
 
 require (
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
@@ -19,7 +19,7 @@ require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
diff --git a/exporters/zipkin/go.mod b/exporters/zipkin/go.mod
index ff97e81e252..fbd3c1eaf74 100644
--- a/exporters/zipkin/go.mod
+++ b/exporters/zipkin/go.mod
@@ -8,15 +8,15 @@ require (
 	github.com/google/go-cmp v0.5.9
 	github.com/openzipkin/zipkin-go v0.4.2
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
 	github.com/davecgh/go-spew v1.1.1 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
diff --git a/go.mod b/go.mod
index d6483834b99..73bade0c44a 100644
--- a/go.mod
+++ b/go.mod
@@ -7,8 +7,8 @@ require (
 	github.com/go-logr/stdr v1.2.2
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel/metric v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel/metric v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 )
 
 require (
diff --git a/metric/go.mod b/metric/go.mod
index cf27a3f4dfa..35d7e92b104 100644
--- a/metric/go.mod
+++ b/metric/go.mod
@@ -4,7 +4,7 @@ go 1.19
 
 require (
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
+	go.opentelemetry.io/otel v1.17.0
 )
 
 require (
@@ -12,7 +12,7 @@ require (
 	github.com/go-logr/logr v1.2.4 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
 
diff --git a/sdk/go.mod b/sdk/go.mod
index 82fd372ede4..3d136f9b8b3 100644
--- a/sdk/go.mod
+++ b/sdk/go.mod
@@ -8,8 +8,8 @@ require (
 	github.com/go-logr/logr v1.2.4
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/trace v1.17.0
 	golang.org/x/sys v0.11.0
 )
 
@@ -17,7 +17,7 @@ require (
 	github.com/davecgh/go-spew v1.1.1 // indirect
 	github.com/go-logr/stdr v1.2.2 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/metric v1.16.0 // indirect
+	go.opentelemetry.io/otel/metric v1.17.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
 
diff --git a/sdk/metric/go.mod b/sdk/metric/go.mod
index f7f92f4ecc2..285573b6973 100644
--- a/sdk/metric/go.mod
+++ b/sdk/metric/go.mod
@@ -6,15 +6,15 @@ require (
 	github.com/go-logr/logr v1.2.4
 	github.com/go-logr/stdr v1.2.2
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
-	go.opentelemetry.io/otel/metric v1.16.0
-	go.opentelemetry.io/otel/sdk v1.16.0
+	go.opentelemetry.io/otel v1.17.0
+	go.opentelemetry.io/otel/metric v1.17.0
+	go.opentelemetry.io/otel/sdk v1.17.0
 )
 
 require (
 	github.com/davecgh/go-spew v1.1.1 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
-	go.opentelemetry.io/otel/trace v1.16.0 // indirect
+	go.opentelemetry.io/otel/trace v1.17.0 // indirect
 	golang.org/x/sys v0.11.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
 )
diff --git a/sdk/metric/version.go b/sdk/metric/version.go
index cd4666b3223..9a3f8fa977e 100644
--- a/sdk/metric/version.go
+++ b/sdk/metric/version.go
@@ -16,5 +16,5 @@ package metric // import "go.opentelemetry.io/otel/sdk/metric"
 
 // version is the current release version of the metric SDK in use.
 func version() string {
-	return "0.39.0"
+	return "0.40.0"
 }
diff --git a/sdk/version.go b/sdk/version.go
index dbef90b0df1..a99bdd38efc 100644
--- a/sdk/version.go
+++ b/sdk/version.go
@@ -16,5 +16,5 @@ package sdk // import "go.opentelemetry.io/otel/sdk"
 
 // Version is the current release version of the OpenTelemetry SDK in use.
 func Version() string {
-	return "1.16.0"
+	return "1.17.0"
 }
diff --git a/trace/go.mod b/trace/go.mod
index 9b6953dcb8f..21570ab1e3c 100644
--- a/trace/go.mod
+++ b/trace/go.mod
@@ -7,7 +7,7 @@ replace go.opentelemetry.io/otel => ../
 require (
 	github.com/google/go-cmp v0.5.9
 	github.com/stretchr/testify v1.8.4
-	go.opentelemetry.io/otel v1.16.0
+	go.opentelemetry.io/otel v1.17.0
 )
 
 require (
diff --git a/version.go b/version.go
index c2217a28d68..3bce1b1e4f9 100644
--- a/version.go
+++ b/version.go
@@ -16,5 +16,5 @@ package otel // import "go.opentelemetry.io/otel"
 
 // Version is the current release version of OpenTelemetry in use.
 func Version() string {
-	return "1.16.0"
+	return "1.17.0"
 }
diff --git a/versions.yaml b/versions.yaml
index 9dc47532bc2..94f1c919e29 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -14,7 +14,7 @@
 
 module-sets:
   stable-v1:
-    version: v1.16.0
+    version: v1.17.0
     modules:
       - go.opentelemetry.io/otel
       - go.opentelemetry.io/otel/bridge/opentracing
@@ -36,7 +36,7 @@ module-sets:
       - go.opentelemetry.io/otel/sdk
       - go.opentelemetry.io/otel/trace
   experimental-metrics:
-    version: v0.39.0
+    version: v0.40.0
     modules:
       - go.opentelemetry.io/otel/example/opencensus
       - go.opentelemetry.io/otel/example/prometheus
@@ -50,7 +50,7 @@ module-sets:
       - go.opentelemetry.io/otel/bridge/opencensus/test
       - go.opentelemetry.io/otel/example/view
   experimental-schema:
-    version: v0.0.4
+    version: v0.0.5
     modules:
       - go.opentelemetry.io/otel/schema
 excluded-modules: