diff --git a/internal/pkg/otel/README.md b/internal/pkg/otel/README.md
index 44abec068e3..0108f4790d2 100644
--- a/internal/pkg/otel/README.md
+++ b/internal/pkg/otel/README.md
@@ -55,7 +55,7 @@ This section provides a summary of components included in the Elastic Distributi
 | Component | Version |
 |---|---|
 | [elasticinframetricsprocessor](https://github.com/elastic/opentelemetry-collector-components/blob/processor/elasticinframetricsprocessor/v0.12.0/processor/elasticinframetricsprocessor/README.md) | v0.12.0 |
-| [elastictraceprocessor](https://github.com/elastic/opentelemetry-collector-components/blob/processor/elastictraceprocessor/v0.2.1/processor/elastictraceprocessor/README.md) | v0.2.1 |
+| [elastictraceprocessor](https://github.com/elastic/opentelemetry-collector-components/blob/processor/elastictraceprocessor/v0.3.0/processor/elastictraceprocessor/README.md) | v0.3.0 |
 | [lsmintervalprocessor](https://github.com/elastic/opentelemetry-collector-components/blob/processor/lsmintervalprocessor/v0.2.0/processor/lsmintervalprocessor/README.md) | v0.2.0 |
 | [memorylimiterprocessor](https://github.com/open-telemetry/opentelemetry-collector/blob/processor/memorylimiterprocessor/v0.111.0/processor/memorylimiterprocessor/README.md) | v0.111.0 |
 | [attributesprocessor](https://github.com/open-telemetry/opentelemetry-collector-contrib/blob/processor/attributesprocessor/v0.111.0/processor/attributesprocessor/README.md) | v0.111.0 |