diff --git a/docs/conf.py b/docs/conf.py
index 96a9479f0..d96eee024 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -27,7 +27,7 @@
 # The short X.Y version
 version = ''
 # The full version, including alpha/beta/rc tags
-release = '0.24.0'
+release = '0.24.1'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/qiskit_ibm_runtime/VERSION.txt b/qiskit_ibm_runtime/VERSION.txt
index 2094a100c..48b91fd89 100644
--- a/qiskit_ibm_runtime/VERSION.txt
+++ b/qiskit_ibm_runtime/VERSION.txt
@@ -1 +1 @@
-0.24.0
+0.24.1
diff --git a/release-notes/0.24.1.rst b/release-notes/0.24.1.rst
new file mode 100644
index 000000000..44caab3e8
--- /dev/null
+++ b/release-notes/0.24.1.rst
@@ -0,0 +1,7 @@
+0.24.1 (2024-06-18)
+===================
+
+Bug Fixes
+---------
+
+- Disallowing fractional gates by default, so backend target would not exclude control flow. (`1755 <https://github.com/Qiskit/qiskit-ibm-runtime/pull/1755>`__)
diff --git a/release-notes/unreleased/1755.bug.rst b/release-notes/unreleased/1755.bug.rst
deleted file mode 100644
index 35412b51f..000000000
--- a/release-notes/unreleased/1755.bug.rst
+++ /dev/null
@@ -1 +0,0 @@
-Disallowing fractional gates by default, so backend target would not exclude control flow.
\ No newline at end of file