diff --git a/python/openinference-instrumentation/pyproject.toml b/python/openinference-instrumentation/pyproject.toml
index ffe2c4324..5424cfcaf 100644
--- a/python/openinference-instrumentation/pyproject.toml
+++ b/python/openinference-instrumentation/pyproject.toml
@@ -57,6 +57,7 @@ exclude = [
 
 [tool.pytest.ini_options]
 asyncio_mode = "auto"
+asyncio_default_fixture_loop_scope = "function"
 testpaths = [
   "tests",
 ]
diff --git a/python/openinference-instrumentation/src/openinference/instrumentation/config.py b/python/openinference-instrumentation/src/openinference/instrumentation/config.py
index 1d441f6f8..dd52b8a30 100644
--- a/python/openinference-instrumentation/src/openinference/instrumentation/config.py
+++ b/python/openinference-instrumentation/src/openinference/instrumentation/config.py
@@ -70,6 +70,7 @@ def __aexit__(self, exc_type, exc_value, traceback) -> None:
         detach(self._token)
 
 
+OPENINFERENCE_HIDE_LLM_INVOCATION_PARAMETERS = "OPENINFERENCE_HIDE_LLM_INVOCATION_PARAMETERS"
 OPENINFERENCE_HIDE_INPUTS = "OPENINFERENCE_HIDE_INPUTS"
 # Hides input value & messages
 OPENINFERENCE_HIDE_OUTPUTS = "OPENINFERENCE_HIDE_OUTPUTS"
@@ -91,6 +92,7 @@ def __aexit__(self, exc_type, exc_value, traceback) -> None:
 REDACTED_VALUE = "__REDACTED__"
 # When a value is hidden, it will be replaced by this redacted value
 
+DEFAULT_HIDE_LLM_INVOCATION_PARAMETERS = False
 DEFAULT_HIDE_INPUTS = False
 DEFAULT_HIDE_OUTPUTS = False
 
@@ -118,6 +120,13 @@ class TraceConfig:
     observability.
     """
 
+    hide_llm_invocation_parameters: Optional[bool] = field(
+        default=None,
+        metadata={
+            "env_var": OPENINFERENCE_HIDE_LLM_INVOCATION_PARAMETERS,
+            "default_value": DEFAULT_HIDE_LLM_INVOCATION_PARAMETERS,
+        },
+    )
     hide_inputs: Optional[bool] = field(
         default=None,
         metadata={
@@ -208,7 +217,9 @@ def mask(
         key: str,
         value: Union[AttributeValue, Callable[[], AttributeValue]],
     ) -> Optional[AttributeValue]:
-        if self.hide_inputs and key == SpanAttributes.INPUT_VALUE:
+        if self.hide_llm_invocation_parameters and key == SpanAttributes.LLM_INVOCATION_PARAMETERS:
+            return
+        elif self.hide_inputs and key == SpanAttributes.INPUT_VALUE:
             value = REDACTED_VALUE
         elif self.hide_inputs and key == SpanAttributes.INPUT_MIME_TYPE:
             return
diff --git a/python/openinference-instrumentation/tests/test_config.py b/python/openinference-instrumentation/tests/test_config.py
index 9a7e279fd..abc5a8376 100644
--- a/python/openinference-instrumentation/tests/test_config.py
+++ b/python/openinference-instrumentation/tests/test_config.py
@@ -1,7 +1,7 @@
 import os
 from contextlib import suppress
 from random import random
-from typing import Dict, Optional
+from typing import Any, Dict, Optional
 
 import pytest
 from opentelemetry.sdk import trace as trace_sdk
@@ -19,6 +19,7 @@
     DEFAULT_HIDE_INPUT_MESSAGES,
     DEFAULT_HIDE_INPUT_TEXT,
     DEFAULT_HIDE_INPUTS,
+    DEFAULT_HIDE_LLM_INVOCATION_PARAMETERS,
     DEFAULT_HIDE_OUTPUT_MESSAGES,
     DEFAULT_HIDE_OUTPUT_TEXT,
     DEFAULT_HIDE_OUTPUTS,
@@ -33,10 +34,12 @@
     REDACTED_VALUE,
     OITracer,
 )
+from openinference.semconv.trace import SpanAttributes
 
 
 def test_default_settings() -> None:
     config = TraceConfig()
+    assert config.hide_llm_invocation_parameters == DEFAULT_HIDE_LLM_INVOCATION_PARAMETERS
     assert config.hide_inputs == DEFAULT_HIDE_INPUTS
     assert config.hide_outputs == DEFAULT_HIDE_OUTPUTS
     assert config.hide_input_messages == DEFAULT_HIDE_INPUT_MESSAGES
@@ -178,6 +181,45 @@ def test_settings_from_env_vars_and_code(
     assert config.base64_image_max_length == new_base64_image_max_length
 
 
+@pytest.mark.parametrize(
+    "param,param_value,attr_key,attr_value,expected_value",
+    [
+        (
+            "hide_llm_invocation_parameters",
+            True,
+            SpanAttributes.LLM_INVOCATION_PARAMETERS,
+            "{api_key: '123'}",
+            None,
+        ),
+        (
+            "hide_llm_invocation_parameters",
+            None,
+            SpanAttributes.LLM_INVOCATION_PARAMETERS,
+            "{api_key: '123'}",
+            "{api_key: '123'}",
+        ),
+    ],
+)
+def test_trace_config(
+    param: str,
+    param_value: Optional[bool],
+    attr_key: str,
+    attr_value: Any,
+    expected_value: Any,
+    tracer_provider: TracerProvider,
+    in_memory_span_exporter: InMemorySpanExporter,
+) -> None:
+    config = TraceConfig(**({} if param_value is None else {param: param_value}))
+    tracer = OITracer(tracer_provider.get_tracer(__name__), config=config)
+    tracer.start_span("test", attributes={attr_key: attr_value}).end()
+    span = in_memory_span_exporter.get_finished_spans()[0]
+    assert span.attributes is not None
+    if expected_value is None:
+        assert span.attributes.get(attr_key) is None
+    else:
+        assert span.attributes.get(attr_key) == expected_value
+
+
 def parse_bool_from_env(env_var: str) -> Optional[bool]:
     env_value = os.getenv(env_var)
     if isinstance(env_value, str) and env_value.lower() == "true":