diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4311befab4..836b3bad70 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Svelte changelog
 
-## Unreleased
+## 3.38.0
 
 * Avoid recreating DOM elements during hydration ([#1067](https://github.com/sveltejs/svelte/issues/1067))
 * Support passing CSS custom properties to component ([#5628](https://github.com/sveltejs/svelte/issues/5628))
diff --git a/package-lock.json b/package-lock.json
index 453e482ef1..49e9b92bce 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "svelte",
-  "version": "3.37.0",
+  "version": "3.38.0",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 51600a7989..683a9a405a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "svelte",
-  "version": "3.37.0",
+  "version": "3.38.0",
   "description": "Cybernetically enhanced web apps",
   "module": "index.mjs",
   "main": "index",