diff --git a/.cloudbuild/cloudbuild-test-a.yaml b/.cloudbuild/cloudbuild-test-a.yaml
index 6337bca0..7bcc3c24 100644
--- a/.cloudbuild/cloudbuild-test-a.yaml
+++ b/.cloudbuild/cloudbuild-test-a.yaml
@@ -14,7 +14,7 @@
 
 timeout: 7200s # 2 hours
 substitutions:
-  _JAVA_SHARED_CONFIG_VERSION: '1.16.0' # {x-version-update:google-cloud-shared-config:current}
+  _JAVA_SHARED_CONFIG_VERSION: '1.16.1-SNAPSHOT' # {x-version-update:google-cloud-shared-config:current}
 
 steps:
   # GraalVM A build
diff --git a/.cloudbuild/cloudbuild-test-b.yaml b/.cloudbuild/cloudbuild-test-b.yaml
index b010bf95..ef87577f 100644
--- a/.cloudbuild/cloudbuild-test-b.yaml
+++ b/.cloudbuild/cloudbuild-test-b.yaml
@@ -14,7 +14,7 @@
 
 timeout: 7200s # 2 hours
 substitutions:
-  _JAVA_SHARED_CONFIG_VERSION: '1.16.0' # {x-version-update:google-cloud-shared-config:current}
+  _JAVA_SHARED_CONFIG_VERSION: '1.16.1-SNAPSHOT' # {x-version-update:google-cloud-shared-config:current}
 
 steps:
   # GraalVM B build
diff --git a/.cloudbuild/cloudbuild-test-c.yaml b/.cloudbuild/cloudbuild-test-c.yaml
index 944b1148..8e9ebc7d 100644
--- a/.cloudbuild/cloudbuild-test-c.yaml
+++ b/.cloudbuild/cloudbuild-test-c.yaml
@@ -14,7 +14,7 @@
 
 timeout: 7200s # 2 hours
 substitutions:
-  _JAVA_SHARED_CONFIG_VERSION: '1.16.0' # {x-version-update:google-cloud-shared-config:current}
+  _JAVA_SHARED_CONFIG_VERSION: '1.16.1-SNAPSHOT' # {x-version-update:google-cloud-shared-config:current}
 
 steps:
   # GraalVM C build
diff --git a/.cloudbuild/cloudbuild.yaml b/.cloudbuild/cloudbuild.yaml
index 5a85769e..a6084b5d 100644
--- a/.cloudbuild/cloudbuild.yaml
+++ b/.cloudbuild/cloudbuild.yaml
@@ -14,7 +14,7 @@
 
 timeout: 7200s # 2 hours
 substitutions:
-  _JAVA_SHARED_CONFIG_VERSION: '1.16.0' # {x-version-update:google-cloud-shared-config:current}
+  _JAVA_SHARED_CONFIG_VERSION: '1.16.1-SNAPSHOT' # {x-version-update:google-cloud-shared-config:current}
   _IMAGE_REPOSITORY: us-docker.pkg.dev/java-graalvm-ci-prod/graalvm-integration-testing
   _COMMIT_HASH_TAG: infrastructure-public-image-${SHORT_SHA}
 steps:
diff --git a/java-shared-config/pom.xml b/java-shared-config/pom.xml
index ff03217c..cd5d5e49 100644
--- a/java-shared-config/pom.xml
+++ b/java-shared-config/pom.xml
@@ -6,7 +6,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-shared-config</artifactId>
   <packaging>pom</packaging>
-  <version>1.16.0</version><!-- {x-version-update:google-cloud-shared-config:current} -->
+  <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-config:current} -->
   <name>Google Cloud Shared Config</name>
   <url>https://github.com/googleapis/java-shared-config</url>
   <description>
@@ -16,7 +16,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>native-image-shared-config</artifactId>
-    <version>1.16.0</version><!-- {x-version-update:google-cloud-shared-config:current} -->
+    <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-config:current} -->
     <relativePath>../native-image-shared-config</relativePath>
   </parent>
 
diff --git a/native-image-shared-config/pom.xml b/native-image-shared-config/pom.xml
index ce04f3bb..c9b650ff 100644
--- a/native-image-shared-config/pom.xml
+++ b/native-image-shared-config/pom.xml
@@ -6,7 +6,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>native-image-shared-config</artifactId>
   <packaging>pom</packaging>
-  <version>1.16.0</version><!-- {x-version-update:google-cloud-shared-config:current} -->
+  <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-config:current} -->
   <name>Native Image Shared Config</name>
   <url>https://github.com/googleapis/java-shared-config</url>
   <description>
diff --git a/versions.txt b/versions.txt
index 9a3d1c47..5d562504 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-shared-config:1.16.0:1.16.0
+google-cloud-shared-config:1.16.0:1.16.1-SNAPSHOT