diff --git a/project/Versions.scala b/project/Versions.scala
index 8e16cd2711..b765b559cc 100644
--- a/project/Versions.scala
+++ b/project/Versions.scala
@@ -3,7 +3,7 @@ object Versions {
   val http4sBlazeServer = "0.23.15"
   val http4sBlazeClient = "0.23.15"
   val catsCore = "2.9.0"
-  val catsEffect = "3.5.0"
+  val catsEffect = "3.5.1"
   val circe = "0.14.3"
   val circeGenericExtras = "0.14.3"
   val circeYaml = "0.14.2"