diff --git a/test/CMakeLists.txt b/test/CMakeLists.txt
index 9eb102d2c..d3a4c32bf 100644
--- a/test/CMakeLists.txt
+++ b/test/CMakeLists.txt
@@ -56,16 +56,11 @@ elseif(NOT ENGINE OR ENGINE STREQUAL "")
   # By default a pinned version of Wasmtime is used that's kept relatively
   # up-to-date. Note though that `wasm32-wasip1-threads` requires an explicitly
   # older version of Wasmtime as the latest releases no longer support
-  # wasi-threads. Additionally for wasip3's new ABI, e.g.
-  # `HAVE_WASM_LIBCALL_THREAD_CONTEXT`, a currently-unrelated version of
-  # Wasmtime is required which has various bugs fixed in it.
-  set(wasmtime_version v47.0.0)
+  # wasi-threads.
+  set(wasmtime_version v48.0.1)
   if (TARGET_TRIPLE MATCHES "-threads")
     set(wasmtime_version v44.0.0)
   endif()
-  if (HAVE_WASM_LIBCALL_THREAD_CONTEXT)
-    set(wasmtime_version dev)
-  endif()
   ba_download(
     wasmtime
     "https://github.com/bytecodealliance/wasmtime"