diff --git a/gRPC-C++.podspec b/gRPC-C++.podspec
index 0f8f6e570a1b6..0995730fe0e10 100644
--- a/gRPC-C++.podspec
+++ b/gRPC-C++.podspec
@@ -225,7 +225,7 @@ Pod::Spec.new do |s|
     ss.dependency "#{s.name}/Privacy", version
     ss.dependency "#{s.name}/Interface", version
     ss.dependency 'gRPC-Core', version
-    abseil_version = '1.20240116.0'
+    abseil_version = '1.20240116.1'
     ss.dependency 'abseil/algorithm/container', abseil_version
     ss.dependency 'abseil/base/base', abseil_version
     ss.dependency 'abseil/base/config', abseil_version
diff --git a/gRPC-Core.podspec b/gRPC-Core.podspec
index 1f078c885278f..bd03129db61f5 100644
--- a/gRPC-Core.podspec
+++ b/gRPC-Core.podspec
@@ -46,7 +46,7 @@ Pod::Spec.new do |s|
   s.requires_arc = false
 
   name = 'grpc'
-  abseil_version = '1.20240116.0'
+  abseil_version = '1.20240116.1'
 
   # When creating a dynamic framework, name it grpc.framework instead of gRPC-Core.framework.
   # This lets users write their includes like `#include <grpc/grpc.h>` as opposed to `#include
diff --git a/templates/gRPC-C++.podspec.template b/templates/gRPC-C++.podspec.template
index 2a4b559d7051c..b4c24348bf1fb 100644
--- a/templates/gRPC-C++.podspec.template
+++ b/templates/gRPC-C++.podspec.template
@@ -183,7 +183,7 @@
       ss.dependency "#{s.name}/Privacy", version
       ss.dependency "#{s.name}/Interface", version
       ss.dependency 'gRPC-Core', version
-      abseil_version = '1.20240116.0'
+      abseil_version = '1.20240116.1'
       % for abseil_spec in grpcpp_abseil_specs:
       ss.dependency '${abseil_spec}', abseil_version
       % endfor
diff --git a/templates/gRPC-Core.podspec.template b/templates/gRPC-Core.podspec.template
index 2a20a9c5a94fd..e1ddf100bfda0 100644
--- a/templates/gRPC-Core.podspec.template
+++ b/templates/gRPC-Core.podspec.template
@@ -122,7 +122,7 @@
     s.requires_arc = false
 
     name = 'grpc'
-    abseil_version = '1.20240116.0'
+    abseil_version = '1.20240116.1'
 
     # When creating a dynamic framework, name it grpc.framework instead of gRPC-Core.framework.
     # This lets users write their includes like `#include <grpc/grpc.h>` as opposed to `#include