diff --git a/CHANGELOG.md b/CHANGELOG.md
index b694ca4fb..f3cd8a9ee 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Unreleased
 
+## Version 1.45.0 (2025-03-14)
+
 ### Disk buffering
 
 - Make configuration package public
diff --git a/version.gradle.kts b/version.gradle.kts
index d5e9e968a..53c94ec29 100644
--- a/version.gradle.kts
+++ b/version.gradle.kts
@@ -1,5 +1,5 @@
-val stableVersion = "1.45.0-SNAPSHOT"
-val alphaVersion = "1.45.0-alpha-SNAPSHOT"
+val stableVersion = "1.46.0-SNAPSHOT"
+val alphaVersion = "1.46.0-alpha-SNAPSHOT"
 
 allprojects {
   if (findProperty("otel.stable") != "true") {