diff --git a/Gemfile b/Gemfile
index 8414961a6d4..997e7c42bea 100644
--- a/Gemfile
+++ b/Gemfile
@@ -197,10 +197,7 @@ gem "rack-mini-profiler", require: ["enable_rails_patches"]
 gem "unicorn", require: false, platform: :ruby
 gem "puma", require: false
 
-# Pin to 0.4.14 for now because 0.5.0 is broken.
-# It has been fixed in https://github.com/tmm1/rbtrace/commit/1c674885694c6f2cb935eeccb0591feeb67679cf but we are waiting
-# for a new release to be published.
-gem "rbtrace", "0.4.14", require: false, platform: :mri
+gem "rbtrace", require: false, platform: :mri
 
 gem "gc_tracer", require: false, platform: :mri
 
diff --git a/Gemfile.lock b/Gemfile.lock
index e63123dd6e8..efa5099e996 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -356,7 +356,7 @@ GEM
     rb-fsevent (0.11.2)
     rb-inotify (0.10.1)
       ffi (~> 1.0)
-    rbtrace (0.4.14)
+    rbtrace (0.5.1)
       ffi (>= 1.0.6)
       msgpack (>= 0.4.3)
       optimist (>= 3.0.0)
@@ -627,7 +627,7 @@ DEPENDENCIES
   railties
   rake
   rb-fsevent
-  rbtrace (= 0.4.14)
+  rbtrace
   rchardet
   redcarpet
   redis