diff --git a/README.md b/README.md
index 3e99e5c76..39e6f7c5a 100644
--- a/README.md
+++ b/README.md
@@ -88,7 +88,7 @@ Add a dependency on `rules_swift_package_manager`.
 
 <!-- BEGIN MODULE SNIPPET -->
 ```python
-bazel_dep(name = "rules_swift_package_manager", version = "0.37.0")
+bazel_dep(name = "rules_swift_package_manager", version = "0.38.1")
 ```
 <!-- END MODULE SNIPPET -->