diff --git a/cumulus/parachains/runtimes/assets/asset-hub-rococo/src/lib.rs b/cumulus/parachains/runtimes/assets/asset-hub-rococo/src/lib.rs
index 2f25fa0ec1d6..ae5d2102ff66 100644
--- a/cumulus/parachains/runtimes/assets/asset-hub-rococo/src/lib.rs
+++ b/cumulus/parachains/runtimes/assets/asset-hub-rococo/src/lib.rs
@@ -123,7 +123,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("statemine"),
 	impl_name: create_runtime_str!("statemine"),
 	authoring_version: 1,
-	spec_version: 1_016_001,
+	spec_version: 1_016_002,
 	impl_version: 0,
 	apis: RUNTIME_API_VERSIONS,
 	transaction_version: 16,
diff --git a/cumulus/parachains/runtimes/assets/asset-hub-westend/src/lib.rs b/cumulus/parachains/runtimes/assets/asset-hub-westend/src/lib.rs
index 14f24228d0a2..0da80098b28f 100644
--- a/cumulus/parachains/runtimes/assets/asset-hub-westend/src/lib.rs
+++ b/cumulus/parachains/runtimes/assets/asset-hub-westend/src/lib.rs
@@ -123,7 +123,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("westmint"),
 	impl_name: create_runtime_str!("westmint"),
 	authoring_version: 1,
-	spec_version: 1_016_001,
+	spec_version: 1_016_002,
 	impl_version: 0,
 	apis: RUNTIME_API_VERSIONS,
 	transaction_version: 16,
diff --git a/polkadot/node/primitives/src/lib.rs b/polkadot/node/primitives/src/lib.rs
index 99d3a3e515b8..a525b2bc9776 100644
--- a/polkadot/node/primitives/src/lib.rs
+++ b/polkadot/node/primitives/src/lib.rs
@@ -59,7 +59,7 @@ pub use disputes::{
 /// relatively rare.
 ///
 /// The associated worker binaries should use the same version as the node that spawns them.
-pub const NODE_VERSION: &'static str = "1.16.0";
+pub const NODE_VERSION: &'static str = "1.16.1";
 
 // For a 16-ary Merkle Prefix Trie, we can expect at most 16 32-byte hashes per node
 // plus some overhead:
diff --git a/prdoc/pr_4803.prdoc b/prdoc/1.16.1/pr_4803.prdoc
similarity index 100%
rename from prdoc/pr_4803.prdoc
rename to prdoc/1.16.1/pr_4803.prdoc
diff --git a/prdoc/pr_5599.prdoc b/prdoc/1.16.1/pr_5599.prdoc
similarity index 100%
rename from prdoc/pr_5599.prdoc
rename to prdoc/1.16.1/pr_5599.prdoc
diff --git a/prdoc/pr_5753.prdoc b/prdoc/1.16.1/pr_5753.prdoc
similarity index 100%
rename from prdoc/pr_5753.prdoc
rename to prdoc/1.16.1/pr_5753.prdoc
diff --git a/prdoc/pr_5887.prdoc b/prdoc/1.16.1/pr_5887.prdoc
similarity index 100%
rename from prdoc/pr_5887.prdoc
rename to prdoc/1.16.1/pr_5887.prdoc
diff --git a/prdoc/pr_5913.prdoc b/prdoc/1.16.1/pr_5913.prdoc
similarity index 100%
rename from prdoc/pr_5913.prdoc
rename to prdoc/1.16.1/pr_5913.prdoc
diff --git a/prdoc/pr_6031.prdoc b/prdoc/1.16.1/pr_6031.prdoc
similarity index 100%
rename from prdoc/pr_6031.prdoc
rename to prdoc/1.16.1/pr_6031.prdoc