diff --git a/bazel/grpc_deps.bzl b/bazel/grpc_deps.bzl
index 7cd65ea77db..245f6abf7ec 100644
--- a/bazel/grpc_deps.bzl
+++ b/bazel/grpc_deps.bzl
@@ -340,11 +340,11 @@ def grpc_deps():
     if "io_opentelemetry_cpp" not in native.existing_rules():
         http_archive(
             name = "io_opentelemetry_cpp",
-            sha256 = "ed681d20a684b7d485a49288e7cfb2d182bf882e5c112c5f2fa3f9e9da2278fc",
-            strip_prefix = "opentelemetry-cpp-4bd64c9a336fd438d6c4c9dad2e6b61b0585311f",
+            sha256 = "4b822a2f137b8c2ea403c5ec9a661addcc048aa8ba3afebffd58cbcf218457bc",
+            strip_prefix = "opentelemetry-cpp-a388e87d72b8321c189c8d41edb746ffa687ce3c",
             urls = [
-                "https://storage.googleapis.com/grpc-bazel-mirror/github.com/open-telemetry/opentelemetry-cpp/archive/4bd64c9a336fd438d6c4c9dad2e6b61b0585311f.tar.gz",
-                "https://github.com/open-telemetry/opentelemetry-cpp/archive/4bd64c9a336fd438d6c4c9dad2e6b61b0585311f.tar.gz",
+                "https://storage.googleapis.com/grpc-bazel-mirror/github.com/open-telemetry/opentelemetry-cpp/archive/a388e87d72b8321c189c8d41edb746ffa687ce3c.tar.gz",
+                "https://github.com/open-telemetry/opentelemetry-cpp/archive/a388e87d72b8321c189c8d41edb746ffa687ce3c.tar.gz",
             ],
         )
 
diff --git a/third_party/opentelemetry-cpp b/third_party/opentelemetry-cpp
index 4bd64c9a336..a388e87d72b 160000
--- a/third_party/opentelemetry-cpp
+++ b/third_party/opentelemetry-cpp
@@ -1 +1 @@
-Subproject commit 4bd64c9a336fd438d6c4c9dad2e6b61b0585311f
+Subproject commit a388e87d72b8321c189c8d41edb746ffa687ce3c
diff --git a/tools/run_tests/sanity/check_submodules.sh b/tools/run_tests/sanity/check_submodules.sh
index 6b7765cbb41..9629ff4df9d 100755
--- a/tools/run_tests/sanity/check_submodules.sh
+++ b/tools/run_tests/sanity/check_submodules.sh
@@ -35,7 +35,7 @@ third_party/googleapis fe8ba054ad4f7eca946c2d14a63c3f07c0b586a0
 third_party/googletest 2dd1c131950043a8ad5ab0d2dda0e0970596586a
 third_party/opencensus-proto 4aa53e15cbf1a47bc9087e6cfdca214c1eea4e89
 third_party/opentelemetry 60fa8754d890b5c55949a8c68dcfd7ab5c2395df
-third_party/opentelemetry-cpp 4bd64c9a336fd438d6c4c9dad2e6b61b0585311f
+third_party/opentelemetry-cpp a388e87d72b8321c189c8d41edb746ffa687ce3c
 third_party/protobuf 10ef3f77683f77fb3c059bf47725c27b3ff41e63
 third_party/protoc-gen-validate 32c2415389a3538082507ae537e7edd9578c64ed
 third_party/re2 0c5616df9c0aaa44c9440d87422012423d91c7d1