diff --git a/charts/opentelemetry-operator/Chart.yaml b/charts/opentelemetry-operator/Chart.yaml
index 30cf9f756..59b7bbb7f 100644
--- a/charts/opentelemetry-operator/Chart.yaml
+++ b/charts/opentelemetry-operator/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: opentelemetry-operator
-version: 0.33.0
+version: 0.34.0
 description: OpenTelemetry Operator Helm chart for Kubernetes
 type: application
 home: https://opentelemetry.io/
@@ -11,4 +11,4 @@ maintainers:
   - name: dmitryax
   - name: TylerHelmuth
 icon: https://raw.githubusercontent.com/cncf/artwork/a718fa97fffec1b9fd14147682e9e3ac0c8817cb/projects/opentelemetry/icon/color/opentelemetry-icon-color.png
-appVersion: 0.80.0
+appVersion: 0.81.0
diff --git a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
index bc81972d2..4150ab4fc 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
@@ -6,9 +6,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -85,9 +85,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
index a3caebabd..13e125eaf 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
@@ -4,9 +4,9 @@ apiVersion: cert-manager.io/v1
 kind: Certificate
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -29,9 +29,9 @@ apiVersion: cert-manager.io/v1
 kind: Issuer
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
index 473f865f8..0a6d29418 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -201,9 +201,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -219,9 +219,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
index b19a68ef6..dac81c35e 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -25,9 +25,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
index 0528b9c65..f995fd28f 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
@@ -4,9 +4,9 @@ apiVersion: apps/v1
 kind: Deployment
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -33,13 +33,13 @@ spec:
             - --enable-leader-election
             - --health-probe-addr=:8081
             - --webhook-port=9443
-            - --collector-image=otel/opentelemetry-collector-contrib:0.80.0
+            - --collector-image=otel/opentelemetry-collector-contrib:0.81.0
           command:
             - /manager
           env:
             - name: ENABLE_WEBHOOKS
               value: "true"
-          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:v0.80.0"
+          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:v0.81.0"
           name: manager
           ports:
             - containerPort: 8080
diff --git a/charts/opentelemetry-operator/examples/default/rendered/role.yaml b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
index 014481148..95cb205bd 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/role.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: Role
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
index 9378254ed..966a13a51 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: RoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/service.yaml b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
index 0d9cdfa51..830866034 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/service.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
@@ -4,9 +4,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -31,9 +31,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
index 880e8a61b..2f821ed95 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
@@ -6,9 +6,9 @@ metadata:
   name: opentelemetry-operator
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
index f1523d089..291f8e566 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-cert-manager"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
index c8d3beddb..24b3a0e0f 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-metrics"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -43,9 +43,9 @@ metadata:
   name: "example-opentelemetry-operator-webhook"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.33.0
+    helm.sh/chart: opentelemetry-operator-0.34.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.80.0"
+    app.kubernetes.io/version: "0.81.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/values.schema.json b/charts/opentelemetry-operator/values.schema.json
index b6d4f74d6..d5649f910 100644
--- a/charts/opentelemetry-operator/values.schema.json
+++ b/charts/opentelemetry-operator/values.schema.json
@@ -139,13 +139,13 @@
                             "default": "",
                             "title": "The tag Schema",
                             "examples": [
-                                "v0.80.0"
+                                "v0.81.0"
                             ]
                         }
                     },
                     "examples": [{
                         "repository": "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator",
-                        "tag": "v0.80.0"
+                        "tag": "v0.81.0"
                     }]
                 },
                 "collectorImage": {
@@ -879,7 +879,7 @@
             "examples": [{
                 "image": {
                     "repository": "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator",
-                    "tag": "v0.80.0"
+                    "tag": "v0.81.0"
                 },
                 "collectorImage": {
                     "repository": "otel/opentelemetry-collector-contrib",
@@ -1568,7 +1568,7 @@
         "manager": {
             "image": {
                 "repository": "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator",
-                "tag": "v0.80.0"
+                "tag": "v0.81.0"
             },
             "collectorImage": {
                 "repository": "otel/opentelemetry-collector-contrib",
diff --git a/charts/opentelemetry-operator/values.yaml b/charts/opentelemetry-operator/values.yaml
index 03d99d278..f5da78638 100644
--- a/charts/opentelemetry-operator/values.yaml
+++ b/charts/opentelemetry-operator/values.yaml
@@ -29,10 +29,10 @@ pdb:
 manager:
   image:
     repository: ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator
-    tag: v0.80.0
+    tag: v0.81.0
   collectorImage:
     repository: otel/opentelemetry-collector-contrib
-    tag: 0.80.0
+    tag: 0.81.0
   targetAllocatorImage:
     repository: ""
     tag: ""