diff --git a/ports/krabsetw/portfile.cmake b/ports/krabsetw/portfile.cmake
index ee321fc61c..d90e50b827 100644
--- a/ports/krabsetw/portfile.cmake
+++ b/ports/krabsetw/portfile.cmake
@@ -1,8 +1,8 @@
 vcpkg_from_github(
     OUT_SOURCE_PATH SOURCE_PATH
     REPO microsoft/krabsetw
-    REF 31679cf84bc85360158672699f2f68a821e8a6d0
-    SHA512 4fcc4ee1c41c6d40770a5b57111e6fd29eedf1f4a29038ab1dfb8bffb3ad0464c4ec06b90b65fabadcd419564d55172d4d9fdc3750c1898545f7c6e00fbe99c8
+    REF 3bc145fb55212aaf121be88c3a2f25afa2e07b42
+    SHA512 e25e6525a61df367ba782701cb5f22d8262b6451368dbead2ea901f59eb1479a1364d58da20e47e2413db3cb45c6b46a992a1aeb9bff60ad137ffdb91b4aba60
     HEAD_REF master
 )
 
diff --git a/ports/krabsetw/vcpkg.json b/ports/krabsetw/vcpkg.json
index 9027ddacb8..6428581a19 100644
--- a/ports/krabsetw/vcpkg.json
+++ b/ports/krabsetw/vcpkg.json
@@ -1,7 +1,6 @@
 {
   "name": "krabsetw",
-  "version": "4.1.18",
-  "port-version": 1,
+  "version": "4.3.1",
   "description": "krabsetw is a header-only C++ library that simplifies interacting with ETW.",
   "homepage": "https://github.com/microsoft/krabsetw",
   "supports": "windows & !uwp"
diff --git a/versions/baseline.json b/versions/baseline.json
index bfe81e3b58..b7d4d91c65 100644
--- a/versions/baseline.json
+++ b/versions/baseline.json
@@ -3821,8 +3821,8 @@
       "port-version": 1
     },
     "krabsetw": {
-      "baseline": "4.1.18",
-      "port-version": 1
+      "baseline": "4.3.1",
+      "port-version": 0
     },
     "ktx": {
       "baseline": "4.1.0",
diff --git a/versions/k-/krabsetw.json b/versions/k-/krabsetw.json
index 101a631282..eeced5017d 100644
--- a/versions/k-/krabsetw.json
+++ b/versions/k-/krabsetw.json
@@ -1,5 +1,10 @@
 {
   "versions": [
+    {
+      "git-tree": "131b7ae7482a9c9eedcd0c819265d3ab39b0d4c5",
+      "version": "4.3.1",
+      "port-version": 0
+    },
     {
       "git-tree": "b1f3fa7092c3cb91e5891fcf8f0923dd1f604887",
       "version": "4.1.18",