diff --git a/Cargo.lock b/Cargo.lock
index 07e0a7870c..d4103febca 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6946,9 +6946,9 @@ checksum = "13c2bddecc57b384dee18652358fb23172facb8a2c51ccc10d74c157bdea3292"
 
 [[package]]
 name = "subxt"
-version = "0.38.0"
+version = "0.38.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c53029d133e4e0cb7933f1fe06f2c68804b956de9bb8fa930ffca44e9e5e4230"
+checksum = "1c17d7ec2359d33133b63c97e28c8b7cd3f0a5bc6ce567ae3aef9d9e85be3433"
 dependencies = [
  "async-trait",
  "derive-where",
diff --git a/Cargo.toml b/Cargo.toml
index 33d5d0a566..076d400592 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -67,7 +67,7 @@ serde_json = { version = "1.0.137" }
 sha2 = { version = "0.10" }
 sha3 = { version = "0.10" }
 static_assertions = { version = "1.1" }
-subxt = { version = "0.38.0" }
+subxt = { version = "0.38.1" }
 subxt-metadata = { version = "0.38.0" }
 subxt-signer = { version = "0.38.0" }
 syn = { version = "2" }