diff --git a/package.json b/package.json
index 009d545..25e9813 100644
--- a/package.json
+++ b/package.json
@@ -37,12 +37,12 @@
     "@cap-js/telemetry": "file:.",
     "@dynatrace/oneagent-sdk": "^1.5.0",
     "@grpc/grpc-js": "^1.9.14",
-    "@opentelemetry/exporter-metrics-otlp-grpc": "^0.53.0",
-    "@opentelemetry/exporter-metrics-otlp-proto": "^0.53.0",
-    "@opentelemetry/exporter-trace-otlp-grpc": "^0.53.0",
-    "@opentelemetry/exporter-trace-otlp-proto": "^0.53.0",
+    "@opentelemetry/exporter-metrics-otlp-grpc": "^0.54.0",
+    "@opentelemetry/exporter-metrics-otlp-proto": "^0.54.0",
+    "@opentelemetry/exporter-trace-otlp-grpc": "^0.54.0",
+    "@opentelemetry/exporter-trace-otlp-proto": "^0.54.0",
     "@opentelemetry/host-metrics": "^0.35.0",
-    "@opentelemetry/instrumentation-runtime-node": "^0.7.0",
+    "@opentelemetry/instrumentation-runtime-node": "^0.8.0",
     "@sap/cds-mtxs": "^2.0.5",
     "axios": "^1.6.7",
     "chai": "^4.4.1",