diff --git a/Formula/i/ipfs.rb b/Formula/i/ipfs.rb
index 0d92111f72444..b07e008b1d431 100644
--- a/Formula/i/ipfs.rb
+++ b/Formula/i/ipfs.rb
@@ -1,8 +1,8 @@
 class Ipfs < Formula
   desc "Peer-to-peer hypermedia protocol"
   homepage "https://docs.ipfs.tech/how-to/command-line-quick-start/"
-  url "https://github.com/ipfs/kubo/archive/refs/tags/v0.38.1.tar.gz"
-  sha256 "d8f0133a9c49c7dff6df1e04633bc0757d1663982f3b6f4ea01d54381f643d5e"
+  url "https://github.com/ipfs/kubo/archive/refs/tags/v0.38.2.tar.gz"
+  sha256 "2b0fa6b796aa86726a695e872d4854dd909a65234ea598e3c4a155cad3591fc6"
   license all_of: [
     "MIT",
     any_of: ["MIT", "Apache-2.0"],
@@ -15,12 +15,12 @@ class Ipfs < Formula
   end
 
   bottle do
-    sha256 cellar: :any_skip_relocation, arm64_tahoe:   "2b46f615ddad2f3d354b045dc15162da141acd157b762d48c7f25935eaafc034"
-    sha256 cellar: :any_skip_relocation, arm64_sequoia: "2f08412a1fe66d9ff587ac9091aba5f5b4af25137a86f121c3702d7e090cc650"
-    sha256 cellar: :any_skip_relocation, arm64_sonoma:  "e4e21e688a40a28b8b464c823478a03698cfe273c4ba932f7d8f30866cd8d92c"
-    sha256 cellar: :any_skip_relocation, sonoma:        "dcb3b1a50f66eb4cf5b0be4266b7800f3abf2f48cc7a0be2bd7ef96e3b7cadde"
-    sha256 cellar: :any_skip_relocation, arm64_linux:   "50f6cf70532b7d444b30ddf80ed63ab21f041de1f2d8ae6a4088b325b398f667"
-    sha256 cellar: :any_skip_relocation, x86_64_linux:  "6612f6dafcfc0285566e996b8b35ce52528b37c7a14548b00bfb42bae25d80fc"
+    sha256 cellar: :any_skip_relocation, arm64_tahoe:   "fdbf1c7546764548473ba4d44051f9f4ca76262866bd5a66811309a9babeeae8"
+    sha256 cellar: :any_skip_relocation, arm64_sequoia: "d547e1b4c5e681eacc98a4623d87b751689cdc90f6e083030d0f7f0fbf750a90"
+    sha256 cellar: :any_skip_relocation, arm64_sonoma:  "5ab0ca50790f216f0526e8de169ba8906d810f61ff0443652abb0f51ddf85109"
+    sha256 cellar: :any_skip_relocation, sonoma:        "bd2db00d38c159087a47e9d93c61b46adb2106f457192ee3d92ca7f6526350c9"
+    sha256 cellar: :any_skip_relocation, arm64_linux:   "034b42eb98e84f539d25b5492c9955e50f19f5aacee8d439a781525cec005b03"
+    sha256 cellar: :any_skip_relocation, x86_64_linux:  "f31d4d5137e8d2512cdeae0cecd761e8c466577db53d3a4f100007df89f5941b"
   end
 
   depends_on "go" => :build