diff --git a/.github/workflows/test.yml b/.github/workflows/test.yml
index 5ee26e52471..0dd6f239f80 100644
--- a/.github/workflows/test.yml
+++ b/.github/workflows/test.yml
@@ -10,7 +10,7 @@ env:
   # Otherwise, set variable to the commit of your branch on
   # opentelemetry-python-contrib which is compatible with these Core repo
   # changes.
-  CONTRIB_REPO_SHA: ca2c23fd3b91c48f2b6515658993480f634cf1b2
+  CONTRIB_REPO_SHA: 334a88b8fda4cc3ac09e3a84d9a09d91b35acd93
   # This is needed because we do not clone the core repo in contrib builds anymore.
   # When running contrib builds as part of core builds, we use actions/checkout@v2 which
   # does not set an environment variable (simply just runs tox), which is different when
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 93b1e42b0e5..431cfaa084a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## Unreleased
+## Version 1.17.0/0.38b0 (2023-03-22)
 
 - Implement LowMemory temporality
   ([#3223](https://github.com/open-telemetry/opentelemetry-python/pull/3223))
diff --git a/eachdist.ini b/eachdist.ini
index 164faad3d17..1454648d1d1 100644
--- a/eachdist.ini
+++ b/eachdist.ini
@@ -11,7 +11,7 @@ sortfirst=
     exporter/*
 
 [stable]
-version=1.17.0.dev
+version=1.17.0
 
 packages=
     opentelemetry-sdk
@@ -30,7 +30,7 @@ packages=
     opentelemetry-api
 
 [prerelease]
-version=0.38b0.dev
+version=0.38b0
 
 packages=
     opentelemetry-opentracing-shim
diff --git a/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py b/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py
index f90e55e55a1..281c3a6641c 100644
--- a/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py
+++ b/exporter/opentelemetry-exporter-jaeger-proto-grpc/src/opentelemetry/exporter/jaeger/proto/grpc/version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py b/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py
index f90e55e55a1..281c3a6641c 100644
--- a/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py
+++ b/exporter/opentelemetry-exporter-jaeger-thrift/src/opentelemetry/exporter/jaeger/thrift/version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-jaeger/pyproject.toml b/exporter/opentelemetry-exporter-jaeger/pyproject.toml
index 5c64b989be7..48e9ff9de29 100644
--- a/exporter/opentelemetry-exporter-jaeger/pyproject.toml
+++ b/exporter/opentelemetry-exporter-jaeger/pyproject.toml
@@ -26,8 +26,8 @@ classifiers = [
   "Typing :: Typed",
 ]
 dependencies = [
-  "opentelemetry-exporter-jaeger-proto-grpc == 1.17.0.dev",
-  "opentelemetry-exporter-jaeger-thrift == 1.17.0.dev",
+  "opentelemetry-exporter-jaeger-proto-grpc == 1.17.0",
+  "opentelemetry-exporter-jaeger-thrift == 1.17.0",
 ]
 
 [project.optional-dependencies]
diff --git a/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py b/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py
index f90e55e55a1..281c3a6641c 100644
--- a/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py
+++ b/exporter/opentelemetry-exporter-jaeger/src/opentelemetry/exporter/jaeger/version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-opencensus/pyproject.toml b/exporter/opentelemetry-exporter-opencensus/pyproject.toml
index 8e359f5d4d5..d59d8ee7bb3 100644
--- a/exporter/opentelemetry-exporter-opencensus/pyproject.toml
+++ b/exporter/opentelemetry-exporter-opencensus/pyproject.toml
@@ -28,7 +28,7 @@ classifiers = [
 dependencies = [
   "grpcio >= 1.0.0, < 2.0.0",
   "opencensus-proto >= 0.1.0, < 1.0.0",
-  "opentelemetry-api >= 1.17.0.dev",
+  "opentelemetry-api >= 1.17.0",
   "opentelemetry-sdk >= 1.15",
   "protobuf ~= 3.13",
   "setuptools >= 16.0",
diff --git a/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py b/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py
index 8778b43b174..88e9292a26b 100644
--- a/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py
+++ b/exporter/opentelemetry-exporter-opencensus/src/opentelemetry/exporter/opencensus/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.38b0.dev"
+__version__ = "0.38b0"
diff --git a/exporter/opentelemetry-exporter-otlp-proto-grpc/pyproject.toml b/exporter/opentelemetry-exporter-otlp-proto-grpc/pyproject.toml
index aa369caf00b..04b9460524d 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-grpc/pyproject.toml
+++ b/exporter/opentelemetry-exporter-otlp-proto-grpc/pyproject.toml
@@ -30,8 +30,8 @@ dependencies = [
   "googleapis-common-protos ~= 1.52",
   "grpcio >= 1.0.0, < 2.0.0",
   "opentelemetry-api ~= 1.15",
-  "opentelemetry-proto == 1.17.0.dev",
-  "opentelemetry-sdk ~= 1.17.0.dev",
+  "opentelemetry-proto == 1.17.0",
+  "opentelemetry-sdk ~= 1.17.0",
 ]
 
 [project.optional-dependencies]
diff --git a/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py b/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py
+++ b/exporter/opentelemetry-exporter-otlp-proto-grpc/src/opentelemetry/exporter/otlp/proto/grpc/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-otlp-proto-http/pyproject.toml b/exporter/opentelemetry-exporter-otlp-proto-http/pyproject.toml
index 9675d1d9826..6ccdbb358d5 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-http/pyproject.toml
+++ b/exporter/opentelemetry-exporter-otlp-proto-http/pyproject.toml
@@ -29,8 +29,8 @@ dependencies = [
   "backoff >= 1.10.0, < 3.0.0; python_version>='3.7'",
   "googleapis-common-protos ~= 1.52",
   "opentelemetry-api ~= 1.15",
-  "opentelemetry-proto == 1.17.0.dev",
-  "opentelemetry-sdk ~= 1.17.0.dev",
+  "opentelemetry-proto == 1.17.0",
+  "opentelemetry-sdk ~= 1.17.0",
   "requests ~= 2.7",
 ]
 
diff --git a/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py b/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py
+++ b/exporter/opentelemetry-exporter-otlp-proto-http/src/opentelemetry/exporter/otlp/proto/http/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-otlp/pyproject.toml b/exporter/opentelemetry-exporter-otlp/pyproject.toml
index 6de1ff977b6..66c3b7a0e8d 100644
--- a/exporter/opentelemetry-exporter-otlp/pyproject.toml
+++ b/exporter/opentelemetry-exporter-otlp/pyproject.toml
@@ -26,8 +26,8 @@ classifiers = [
   "Typing :: Typed",
 ]
 dependencies = [
-  "opentelemetry-exporter-otlp-proto-grpc == 1.17.0.dev",
-  "opentelemetry-exporter-otlp-proto-http == 1.17.0.dev",
+  "opentelemetry-exporter-otlp-proto-grpc == 1.17.0",
+  "opentelemetry-exporter-otlp-proto-http == 1.17.0",
 ]
 
 [project.entry-points.opentelemetry_logs_exporter]
diff --git a/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py b/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py
+++ b/exporter/opentelemetry-exporter-otlp/src/opentelemetry/exporter/otlp/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-prometheus/src/opentelemetry/exporter/prometheus/version.py b/exporter/opentelemetry-exporter-prometheus/src/opentelemetry/exporter/prometheus/version.py
index 8778b43b174..88e9292a26b 100644
--- a/exporter/opentelemetry-exporter-prometheus/src/opentelemetry/exporter/prometheus/version.py
+++ b/exporter/opentelemetry-exporter-prometheus/src/opentelemetry/exporter/prometheus/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.38b0.dev"
+__version__ = "0.38b0"
diff --git a/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py b/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py
+++ b/exporter/opentelemetry-exporter-zipkin-json/src/opentelemetry/exporter/zipkin/json/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-zipkin-proto-http/pyproject.toml b/exporter/opentelemetry-exporter-zipkin-proto-http/pyproject.toml
index c6fe12e0ca4..e7a3c3fd324 100644
--- a/exporter/opentelemetry-exporter-zipkin-proto-http/pyproject.toml
+++ b/exporter/opentelemetry-exporter-zipkin-proto-http/pyproject.toml
@@ -27,7 +27,7 @@ classifiers = [
 ]
 dependencies = [
   "opentelemetry-api ~= 1.3",
-  "opentelemetry-exporter-zipkin-json == 1.17.0.dev",
+  "opentelemetry-exporter-zipkin-json == 1.17.0",
   "opentelemetry-sdk ~= 1.11",
   "protobuf ~= 3.12",
   "requests ~= 2.7",
diff --git a/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py b/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py
+++ b/exporter/opentelemetry-exporter-zipkin-proto-http/src/opentelemetry/exporter/zipkin/proto/http/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/exporter/opentelemetry-exporter-zipkin/pyproject.toml b/exporter/opentelemetry-exporter-zipkin/pyproject.toml
index 50ec818a09d..8ec3485ea8a 100644
--- a/exporter/opentelemetry-exporter-zipkin/pyproject.toml
+++ b/exporter/opentelemetry-exporter-zipkin/pyproject.toml
@@ -26,8 +26,8 @@ classifiers = [
   "Typing :: Typed",
 ]
 dependencies = [
-  "opentelemetry-exporter-zipkin-json == 1.17.0.dev",
-  "opentelemetry-exporter-zipkin-proto-http == 1.17.0.dev",
+  "opentelemetry-exporter-zipkin-json == 1.17.0",
+  "opentelemetry-exporter-zipkin-proto-http == 1.17.0",
 ]
 
 [project.optional-dependencies]
diff --git a/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py b/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py
+++ b/exporter/opentelemetry-exporter-zipkin/src/opentelemetry/exporter/zipkin/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/opentelemetry-api/src/opentelemetry/version.py b/opentelemetry-api/src/opentelemetry/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/opentelemetry-api/src/opentelemetry/version.py
+++ b/opentelemetry-api/src/opentelemetry/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/opentelemetry-proto/src/opentelemetry/proto/version.py b/opentelemetry-proto/src/opentelemetry/proto/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/opentelemetry-proto/src/opentelemetry/proto/version.py
+++ b/opentelemetry-proto/src/opentelemetry/proto/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/opentelemetry-sdk/pyproject.toml b/opentelemetry-sdk/pyproject.toml
index 70d77c57b3a..24582a120d3 100644
--- a/opentelemetry-sdk/pyproject.toml
+++ b/opentelemetry-sdk/pyproject.toml
@@ -26,8 +26,8 @@ classifiers = [
   "Typing :: Typed",
 ]
 dependencies = [
-  "opentelemetry-api == 1.17.0.dev",
-  "opentelemetry-semantic-conventions == 0.38b0.dev",
+  "opentelemetry-api == 1.17.0",
+  "opentelemetry-semantic-conventions == 0.38b0",
   "setuptools >= 16.0",
   "typing-extensions >= 3.7.4",
 ]
diff --git a/opentelemetry-sdk/src/opentelemetry/sdk/version.py b/opentelemetry-sdk/src/opentelemetry/sdk/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/opentelemetry-sdk/src/opentelemetry/sdk/version.py
+++ b/opentelemetry-sdk/src/opentelemetry/sdk/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py b/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py
index 8778b43b174..88e9292a26b 100644
--- a/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py
+++ b/opentelemetry-semantic-conventions/src/opentelemetry/semconv/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.38b0.dev"
+__version__ = "0.38b0"
diff --git a/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py b/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py
+++ b/propagator/opentelemetry-propagator-b3/src/opentelemetry/propagators/b3/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py b/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py
index 904e2b48efe..3bca86e5252 100644
--- a/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py
+++ b/propagator/opentelemetry-propagator-jaeger/src/opentelemetry/propagators/jaeger/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.17.0.dev"
+__version__ = "1.17.0"
diff --git a/shim/opentelemetry-opencensus-shim/pyproject.toml b/shim/opentelemetry-opencensus-shim/pyproject.toml
index b4d2f76f065..64c9376034c 100644
--- a/shim/opentelemetry-opencensus-shim/pyproject.toml
+++ b/shim/opentelemetry-opencensus-shim/pyproject.toml
@@ -33,7 +33,7 @@ dependencies = [
 ]
 
 [project.optional-dependencies]
-test = ["opentelemetry-test-utils == 0.38b0.dev", "opencensus == 0.11.1"]
+test = ["opentelemetry-test-utils == 0.38b0", "opencensus == 0.11.1"]
 
 [project.urls]
 Homepage = "https://github.com/open-telemetry/opentelemetry-python/tree/main/shim/opentelemetry-opencensus-shim"
diff --git a/shim/opentelemetry-opencensus-shim/src/opentelemetry/shim/opencensus/version.py b/shim/opentelemetry-opencensus-shim/src/opentelemetry/shim/opencensus/version.py
index 8778b43b174..88e9292a26b 100644
--- a/shim/opentelemetry-opencensus-shim/src/opentelemetry/shim/opencensus/version.py
+++ b/shim/opentelemetry-opencensus-shim/src/opentelemetry/shim/opencensus/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.38b0.dev"
+__version__ = "0.38b0"
diff --git a/shim/opentelemetry-opentracing-shim/pyproject.toml b/shim/opentelemetry-opentracing-shim/pyproject.toml
index 742eabd2f49..399fed600fd 100644
--- a/shim/opentelemetry-opentracing-shim/pyproject.toml
+++ b/shim/opentelemetry-opentracing-shim/pyproject.toml
@@ -33,7 +33,7 @@ dependencies = [
 
 [project.optional-dependencies]
 test = [
-  "opentelemetry-test-utils == 0.38b0.dev",
+  "opentelemetry-test-utils == 0.38b0",
   "opentracing ~= 2.2.0",
 ]
 
diff --git a/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py b/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py
index 8778b43b174..88e9292a26b 100644
--- a/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py
+++ b/shim/opentelemetry-opentracing-shim/src/opentelemetry/shim/opentracing_shim/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.38b0.dev"
+__version__ = "0.38b0"
diff --git a/tests/opentelemetry-test-utils/pyproject.toml b/tests/opentelemetry-test-utils/pyproject.toml
index 7db7c0145e6..62b5927c393 100644
--- a/tests/opentelemetry-test-utils/pyproject.toml
+++ b/tests/opentelemetry-test-utils/pyproject.toml
@@ -25,8 +25,8 @@ classifiers = [
 ]
 dependencies = [
   "asgiref ~= 3.0",
-  "opentelemetry-api == 1.17.0.dev",
-  "opentelemetry-sdk == 1.17.0.dev",
+  "opentelemetry-api == 1.17.0",
+  "opentelemetry-sdk == 1.17.0",
 ]
 
 [project.optional-dependencies]
diff --git a/tests/opentelemetry-test-utils/src/opentelemetry/test/version.py b/tests/opentelemetry-test-utils/src/opentelemetry/test/version.py
index 9d323a2a659..99f3e3b4686 100644
--- a/tests/opentelemetry-test-utils/src/opentelemetry/test/version.py
+++ b/tests/opentelemetry-test-utils/src/opentelemetry/test/version.py
@@ -1 +1 @@
-__version__ = "0.38b0.dev"
+__version__ = "0.38b0"