diff --git a/CHANGELOG.md b/CHANGELOG.md
index c71a8c827..61558e14b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # CHANGELOG
 
+## 3.8.1 (2024-12-27)
+
+### Signature updates
+
+* `Ractor.store_if_absent` ([#2206](https://github.com/ruby/rbs/pull/2206))
+* `Time#iso860t1` ([#2207](https://github.com/ruby/rbs/pull/2207))
+* `Time#xmlschema` ([#2207](https://github.com/ruby/rbs/pull/2207))
+
+### Miscellaneous
+
+* Update rubocop-on-rbs ([#2200](https://github.com/ruby/rbs/pull/2200))
+* Update docs based on Ruby 3.4.1 ([#2208](https://github.com/ruby/rbs/pull/2208))
+* Ruby 3.4.1 ([#2206](https://github.com/ruby/rbs/pull/2206))
+
 ## 3.8.0 (2024-12-24)
 
 ### Signature updates
diff --git a/Gemfile.lock b/Gemfile.lock
index 32d54abb9..9acef4726 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    rbs (3.8.0)
+    rbs (3.8.1)
       logger
 
 PATH
diff --git a/lib/rbs/version.rb b/lib/rbs/version.rb
index deda58406..1105fc20e 100644
--- a/lib/rbs/version.rb
+++ b/lib/rbs/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module RBS
-  VERSION = "3.8.0"
+  VERSION = "3.8.1"
 end