diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4b45f3ad6b0..9098e71ec83 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,14 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [20.1.0]
+### Added
+- Add new method `addCollectibleVerifyOwnership` to CollectiblesController ([#635](https://github.com/MetaMask/controllers/pull/635))
+- Add setting in PreferencesController to enable/disable collectible autoDetection and check against it in CollectibleDetectionController ([#638](https://github.com/MetaMask/controllers/pull/638))
+
+### Changed
+- Use user preferred ipfs gateway, as set in PreferencesController, to resolve ipfs based assets in CollectiblesController ([#637](https://github.com/MetaMask/controllers/pull/637))
+
 ## [20.0.0]
 ### Removed
 - **BREAKING**: Remove polling start call in detection controllers' constructors ([#629](https://github.com/MetaMask/controllers/pull/629))
@@ -415,7 +423,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Removed
 - Remove shapeshift controller (#209)
 
-[Unreleased]: https://github.com/MetaMask/controllers/compare/v20.0.0...HEAD
+[Unreleased]: https://github.com/MetaMask/controllers/compare/v20.1.0...HEAD
+[20.1.0]: https://github.com/MetaMask/controllers/compare/v20.0.0...v20.1.0
 [20.0.0]: https://github.com/MetaMask/controllers/compare/v19.0.0...v20.0.0
 [19.0.0]: https://github.com/MetaMask/controllers/compare/v18.0.0...v19.0.0
 [18.0.0]: https://github.com/MetaMask/controllers/compare/v17.0.0...v18.0.0
diff --git a/package.json b/package.json
index 74157708f74..ebf0719e296 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@metamask/controllers",
-  "version": "20.0.0",
+  "version": "20.1.0",
   "description": "Collection of platform-agnostic modules for creating secure data models for cryptocurrency wallets",
   "keywords": [
     "MetaMask",