diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 5100bad..6719ad3 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -14,6 +14,12 @@ Change Log
 Unreleased
 **********
 
+[5.8.0] - 2024-08-01
+********************
+Changed
+=======
+* Monitoring: Ensure that we have a root span for each iteration of the consume loop; renamed the trace name to be ``consumer.consume``.
+
 [5.7.0] - 2024-03-22
 ********************
 Changed
diff --git a/edx_event_bus_kafka/__init__.py b/edx_event_bus_kafka/__init__.py
index 406c57a..6e7d744 100644
--- a/edx_event_bus_kafka/__init__.py
+++ b/edx_event_bus_kafka/__init__.py
@@ -9,4 +9,4 @@
 from edx_event_bus_kafka.internal.consumer import KafkaEventConsumer
 from edx_event_bus_kafka.internal.producer import KafkaEventProducer, create_producer
 
-__version__ = '5.7.0'
+__version__ = '5.8.0'
diff --git a/edx_event_bus_kafka/internal/consumer.py b/edx_event_bus_kafka/internal/consumer.py
index 6bd4a51..1318220 100644
--- a/edx_event_bus_kafka/internal/consumer.py
+++ b/edx_event_bus_kafka/internal/consumer.py
@@ -299,11 +299,11 @@ def _consume_indefinitely(self):
                 if CONSECUTIVE_ERRORS_LIMIT and consecutive_errors >= CONSECUTIVE_ERRORS_LIMIT:
                     raise Exception(f"Too many consecutive errors, exiting ({consecutive_errors} in a row)")
 
-                msg = None
-                try:
-                    msg = self.consumer.poll(timeout=CONSUMER_POLL_TIMEOUT)
-                    if msg is not None:
-                        with function_trace('_consume_indefinitely_consume_single_message'):
+                with function_trace('consumer.consume'):
+                    msg = None
+                    try:
+                        msg = self.consumer.poll(timeout=CONSUMER_POLL_TIMEOUT)
+                        if msg is not None:
                             # Before processing, try to make sure our application state is cleaned
                             # up as would happen at the start of a Django request/response cycle.
                             # See https://github.com/openedx/openedx-events/issues/236 for details.
@@ -314,26 +314,26 @@ def _consume_indefinitely(self):
                             self.emit_signals_from_message(msg, signal)
                             consecutive_errors = 0
 
-                    self._add_message_monitoring(run_context=run_context, message=msg)
-                except Exception as e:
-                    consecutive_errors += 1
-                    self.record_event_consuming_error(run_context, e, msg)
-                    # Kill the infinite loop if the error is fatal for the consumer
-                    _, kafka_error = self._get_kafka_message_and_error(message=msg, error=e)
-                    if kafka_error and kafka_error.fatal():
-                        raise e
-                    # Prevent fast error-looping when no event received from broker. Because
-                    # DeserializingConsumer raises rather than returning a Message when it has an
-                    # error() value, this may be triggered even when a Message *was* returned,
-                    # slowing down the queue. This is probably close enough, though.
-                    if msg is None:
-                        time.sleep(POLL_FAILURE_SLEEP)
-                if msg:
-                    # theoretically we could just call consumer.commit() without passing the specific message
-                    # to commit all this consumer's current offset across all partitions since we only process one
-                    # message at a time, but limit it to just the offset/partition of the specified message
-                    # to be super safe
-                    self.consumer.commit(message=msg)
+                        self._add_message_monitoring(run_context=run_context, message=msg)
+                    except Exception as e:
+                        consecutive_errors += 1
+                        self.record_event_consuming_error(run_context, e, msg)
+                        # Kill the infinite loop if the error is fatal for the consumer
+                        _, kafka_error = self._get_kafka_message_and_error(message=msg, error=e)
+                        if kafka_error and kafka_error.fatal():
+                            raise e
+                        # Prevent fast error-looping when no event received from broker. Because
+                        # DeserializingConsumer raises rather than returning a Message when it has an
+                        # error() value, this may be triggered even when a Message *was* returned,
+                        # slowing down the queue. This is probably close enough, though.
+                        if msg is None:
+                            time.sleep(POLL_FAILURE_SLEEP)
+                    if msg:
+                        # theoretically we could just call consumer.commit() without passing the specific message
+                        # to commit all this consumer's current offset across all partitions since we only process one
+                        # message at a time, but limit it to just the offset/partition of the specified message
+                        # to be super safe
+                        self.consumer.commit(message=msg)
         finally:
             self.consumer.close()