diff --git a/tools/setup/install-shfmt b/tools/setup/install-shfmt
index 4b7d371db2..635933a965 100755
--- a/tools/setup/install-shfmt
+++ b/tools/setup/install-shfmt
@@ -1,18 +1,18 @@
 #!/usr/bin/env bash
 set -eu
 
-version=3.4.0
+version=3.4.1
 arch="$(uname -m)"
 
 case $arch in
     "x86_64")
         binary="shfmt_v${version}_linux_amd64"
-        sha256=5cd7a2b57a0592f919ca2e4249bd567ae3426801a28ae94d0b26f8f2c4ce17f9
+        sha256=0c321e80a97cee3ffbff0579ad9f79805f622b306b507d674da00e3caedb8714
         ;;
 
     "aarch64")
         binary="shfmt_v${version}_linux_arm64"
-        sha256=c7a0fcd70f69ad136bee7352b42e0b52060c46bc547baf6e06926fcb0509c37e
+        sha256=dc8e0524ab9fc11bca3a363fef62dd8ffd3c2b3f04d780e46b349b7917a8f187
         ;;
 esac
 
diff --git a/version.py b/version.py
index 040e852553..fad3b46a67 100644
--- a/version.py
+++ b/version.py
@@ -48,4 +48,4 @@ API_FEATURE_LEVEL = 111
 #   historical commits sharing the same major version, in which case a
 #   minor version bump suffices.
 
-PROVISION_VERSION = "168.0"
+PROVISION_VERSION = "168.1"