diff --git a/CHANGELOG.md b/CHANGELOG.md
index c443e6d780..aa78f1dfd3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+# 1.70.1 (Oct 19, 2024)
+BugFixes
+* Fix test bucket endpoints ([5695](https://github.com/IBM-Cloud/terraform-provider-ibm/issues/5695))
+
 # 1.70.0 (Oct 06, 2024)
 
 Breaking Changes
diff --git a/version/version.go b/version/version.go
index 218d5aea1f..fd993be221 100644
--- a/version/version.go
+++ b/version/version.go
@@ -5,7 +5,7 @@ import (
 )
 
 // Version is the current provider main version
-const Version = "1.70.0"
+const Version = "1.70.1"
 
 // GitCommit is the git commit that was compiled. This will be filled in by the compiler.
 var GitCommit string