diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 4f2fb0487..dc6550c55 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -31,7 +31,7 @@
   "instrumentation/faraday": "0.23.4",
   "instrumentation/mongo": "0.22.2",
   "instrumentation/mysql2": "0.25.0",
-  "instrumentation/net_http": "0.22.4",
+  "instrumentation/net_http": "0.23.0",
   "instrumentation/pg": "0.26.1",
   "instrumentation/que": "0.7.1",
   "instrumentation/rack": "0.24.0",
diff --git a/instrumentation/net_http/CHANGELOG.md b/instrumentation/net_http/CHANGELOG.md
index 1e4c9deca..fbf7d896d 100644
--- a/instrumentation/net_http/CHANGELOG.md
+++ b/instrumentation/net_http/CHANGELOG.md
@@ -1,5 +1,34 @@
 # Release History: opentelemetry-instrumentation-net_http
 
+## [0.23.0](https://github.com/flywirecorp/opentelemetry-ruby-contrib/compare/opentelemetry-instrumentation-net_http-v0.22.4...opentelemetry-instrumentation-net_http/v0.23.0) (2024-02-27)
+
+
+### ⚠ BREAKING CHANGES
+
+* Drop support for EoL Ruby 2.7 ([#389](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/389))
+* Remove parent repo libraries ([#3](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/3))
+
+### Features
+
+* add net http instrumentation hooks config ([#62](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/62)) ([d9842bf](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/d9842bf145aceb702777e294b29e7480d41e900b))
+* Drop support for EoL Ruby 2.7 ([#389](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/389)) ([233dfd0](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/233dfd0dae81346e9687090f9d8dfb85215e0ba7))
+
+
+### Bug Fixes
+
+* add untraced check to the Net::HTTP connect instrumentation ([#213](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/213)) ([a014481](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/a014481f965caed5c8411cfd5b20c07ebba543b4))
+* Base config options ([#499](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/499)) ([7304e86](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/7304e86e9a3beba5c20f790b256bbb54469411ca))
+* broken test file requirements ([#1286](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/1286)) ([3ec7d8a](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/3ec7d8a456dbd3c9bbad7b397a3da8b8a311d8e3))
+* Drop Rails dependency for ActiveSupport Instrumentation ([#242](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/242)) ([c571ece](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/c571ecee6283e877fb7df3ea2b01acf722410551))
+* regex non-match with obfuscation limit (issue [#486](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/486)) ([#488](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/488)) ([6a9c330](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/6a9c33088c6c9f39b2bc30247a3ed825553c07d4))
+* Rename HTTP CONNECT for low level connection spans ([#129](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/129)) ([efe59ff](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/efe59ffa50c88689199ad2132aa920b778bd0a67))
+* Update `Net::HTTP` instrumentation to no-op on untraced contexts ([#722](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/722)) ([3b8ec51](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/3b8ec5182c915e5a3be3bc5ce0baf4e91182d2fe))
+
+
+### Code Refactoring
+
+* Remove parent repo libraries ([#3](https://github.com/flywirecorp/opentelemetry-ruby-contrib/issues/3)) ([3e85d44](https://github.com/flywirecorp/opentelemetry-ruby-contrib/commit/3e85d4436d338f326816c639cd2087751c63feb1))
+
 ### v0.22.4 / 2023-11-23
 
 * CHANGED: Applied Rubocop Performance Recommendations [#727](https://github.com/open-telemetry/opentelemetry-ruby-contrib/pull/727)
diff --git a/instrumentation/net_http/lib/opentelemetry/instrumentation/net/http/version.rb b/instrumentation/net_http/lib/opentelemetry/instrumentation/net/http/version.rb
index b61097b9c..1eae54dcd 100644
--- a/instrumentation/net_http/lib/opentelemetry/instrumentation/net/http/version.rb
+++ b/instrumentation/net_http/lib/opentelemetry/instrumentation/net/http/version.rb
@@ -8,7 +8,7 @@ module OpenTelemetry
   module Instrumentation
     module Net
       module HTTP
-        VERSION = '0.22.4'
+        VERSION = '0.23.0'
       end
     end
   end