diff --git a/package-lock.json b/package-lock.json
index f641eba626..9816d211ab 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -82,7 +82,7 @@
       "devDependencies": {
         "@edx/browserslist-config": "1.2.0",
         "@edx/react-unit-test-utils": "3.0.0",
-        "@edx/reactifex": "^1.0.3",
+        "@edx/reactifex": "^2.0.0",
         "@edx/stylelint-config-edx": "2.3.3",
         "@edx/typescript-config": "^1.0.1",
         "@openedx/frontend-build": "^14.0.14",
@@ -2408,7 +2408,9 @@
       }
     },
     "node_modules/@edx/reactifex": {
-      "version": "1.1.0",
+      "version": "2.2.0",
+      "resolved": "https://registry.npmjs.org/@edx/reactifex/-/reactifex-2.2.0.tgz",
+      "integrity": "sha512-vyGDtx3BwCr6Gjbm4y6gJ8Bzc2TOSNBlBa2hMerz59HoXaot14MihxxiDU+JDNybGLLcKDBiK511bOi/77i1lw==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
@@ -2421,6 +2423,8 @@
     },
     "node_modules/@edx/reactifex/node_modules/axios": {
       "version": "0.21.4",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-0.21.4.tgz",
+      "integrity": "sha512-ut5vewkiu8jjGBdqpM44XxjuCjq9LAKeHVmoVfHVzy8eHgxxq8SbAVQNovDA8mVi05kP0Ea/n/UzcSHcTJQfNg==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
diff --git a/package.json b/package.json
index 7c59b263c6..8614ca1cab 100644
--- a/package.json
+++ b/package.json
@@ -110,7 +110,7 @@
   "devDependencies": {
     "@edx/browserslist-config": "1.2.0",
     "@edx/react-unit-test-utils": "3.0.0",
-    "@edx/reactifex": "^1.0.3",
+    "@edx/reactifex": "^2.0.0",
     "@edx/stylelint-config-edx": "2.3.3",
     "@edx/typescript-config": "^1.0.1",
     "@openedx/frontend-build": "^14.0.14",