diff --git a/setup.py b/setup.py
index 6b3492776d..5cef2a5fb8 100644
--- a/setup.py
+++ b/setup.py
@@ -244,7 +244,7 @@ install_requires = [
 
 setup(
     name="diffusers",
-    version="0.21.0",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
+    version="0.21.1",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
     description="State-of-the-art diffusion in PyTorch and JAX.",
     long_description=open("README.md", "r", encoding="utf-8").read(),
     long_description_content_type="text/markdown",
diff --git a/src/diffusers/__init__.py b/src/diffusers/__init__.py
index 5ebab88a2a..368487408c 100644
--- a/src/diffusers/__init__.py
+++ b/src/diffusers/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "0.21.0"
+__version__ = "0.21.1"
 
 from typing import TYPE_CHECKING