diff --git a/data/data/bootstrap/files/usr/local/bin/bootkube.sh.template b/data/data/bootstrap/files/usr/local/bin/bootkube.sh.template
index a1042b45682..b66797f9276 100755
--- a/data/data/bootstrap/files/usr/local/bin/bootkube.sh.template
+++ b/data/data/bootstrap/files/usr/local/bin/bootkube.sh.template
@@ -5,7 +5,7 @@ set -euoE pipefail ## -E option will cause functions to inherit trap
 
 mkdir --parents /etc/kubernetes/{manifests,bootstrap-configs,bootstrap-manifests}
 
-ETCD_ENDPOINTS={{.EtcdCluster}}
+ETCD_ENDPOINTS=
 
 bootkube_podman_run() {
     # we run all commands in the host-network to prevent IP conflicts with
@@ -110,40 +110,44 @@ bootkube_podman_run \
 # during initial operator rollout phase this logic allows us to deploy the operator via CVO
 # in an `Unmanaged` no-op state. after all of the pieces have merged and the operator is
 # deemed stable we can remove this logic and the operator will be `Managed` by default.
-if [ ! -z "$CLUSTER_ETCD_OPERATOR_MANAGED" ] && [ ! -f etcd-bootstrap.done ]
+if [ ! -z "$CLUSTER_ETCD_OPERATOR_MANAGED" ]
 then
-	echo "Rendering CEO Manifests..."
-	bootkube_podman_run \
-		--volume "$PWD:/assets:z" \
-		"${CLUSTER_ETCD_OPERATOR_IMAGE}" \
-		/usr/bin/cluster-etcd-operator render \
-		--etcd-ca=/assets/tls/etcd-ca-bundle.crt \
-		--etcd-metric-ca=/assets/tls/etcd-metric-ca-bundle.crt \
-		--manifest-etcd-image "${MACHINE_CONFIG_ETCD_IMAGE}" \
-		--etcd-discovery-domain {{.ClusterDomain}} \
-		--manifest-cluster-etcd-operator-image "${CLUSTER_ETCD_OPERATOR_IMAGE}" \
-		--manifest-setup-etcd-env-image "${MACHINE_CONFIG_OPERATOR_IMAGE}" \
-		--manifest-kube-client-agent-image "${MACHINE_CONFIG_KUBE_CLIENT_AGENT_IMAGE}" \
-		--asset-input-dir /assets/tls \
-		--asset-output-dir /assets/etcd-bootstrap \
-		--config-output-file /assets/etcd-bootstrap/config \
-		--cluster-config-file=/assets/manifests/cluster-network-02-config.yml
-
 	# TODO: host-etcd endpoint rendered by cluster-etcd-operator
 	BOOTSTRAP_IP=$(hostname -I | awk '{ print $1 }')
 	ETCD_ENDPOINTS=https://"${BOOTSTRAP_IP}":2379
-	sed -i "s/__BOOTSTRAP_IP__/${BOOTSTRAP_IP}/" /opt/openshift/manifests/etcd-host-service-endpoints.yaml
-
-	cp etcd-bootstrap/manifests/* manifests/
-	cp etcd-bootstrap/bootstrap-manifests/etcd-member-pod.yaml /etc/kubernetes/manifests/
-
-	# /etc/kubernetes/static-pod-resources/etcd-member is the location etcd-bootstrap tls assets.
-	mkdir --parents /etc/kubernetes/static-pod-resources/etcd-member
-	cp tls/etcd-ca-bundle.crt /etc/kubernetes/static-pod-resources/etcd-member/ca.crt
-	cp tls/etcd-metric-ca-bundle.crt /etc/kubernetes/static-pod-resources/etcd-member/metric-ca.crt
-
-	touch etcd-bootstrap.done
+	if [ ! -f etcd-bootstrap.done ]
+	then
+		echo "Rendering CEO Manifests..."
+		bootkube_podman_run \
+			--volume "$PWD:/assets:z" \
+			"${CLUSTER_ETCD_OPERATOR_IMAGE}" \
+			/usr/bin/cluster-etcd-operator render \
+			--etcd-ca=/assets/tls/etcd-ca-bundle.crt \
+			--etcd-metric-ca=/assets/tls/etcd-metric-ca-bundle.crt \
+			--manifest-etcd-image="${MACHINE_CONFIG_ETCD_IMAGE}" \
+			--etcd-discovery-domain={{.ClusterDomain}} \
+			--manifest-cluster-etcd-operator-image="${CLUSTER_ETCD_OPERATOR_IMAGE}" \
+			--manifest-setup-etcd-env-image="${MACHINE_CONFIG_OPERATOR_IMAGE}" \
+			--manifest-kube-client-agent-image="${MACHINE_CONFIG_KUBE_CLIENT_AGENT_IMAGE}" \
+			--asset-input-dir=/assets/tls \
+			--asset-output-dir=/assets/etcd-bootstrap \
+			--config-output-file=/assets/etcd-bootstrap/config \
+			--cluster-config-file=/assets/manifests/cluster-network-02-config.yml
+
+		sed -i "s/__BOOTSTRAP_IP__/${BOOTSTRAP_IP}/" /opt/openshift/manifests/etcd-host-service-endpoints.yaml
+
+		cp etcd-bootstrap/manifests/* manifests/
+		cp etcd-bootstrap/bootstrap-manifests/etcd-member-pod.yaml /etc/kubernetes/manifests/
+
+		# /etc/kubernetes/static-pod-resources/etcd-member is the location etcd-bootstrap tls assets.
+		mkdir --parents /etc/kubernetes/static-pod-resources/etcd-member
+		cp tls/etcd-ca-bundle.crt /etc/kubernetes/static-pod-resources/etcd-member/ca.crt
+		cp tls/etcd-metric-ca-bundle.crt /etc/kubernetes/static-pod-resources/etcd-member/metric-ca.crt
+
+		touch etcd-bootstrap.done
+	fi
 else
+	ETCD_ENDPOINTS={{.EtcdCluster}}
 	CLUSTER_ETCD_OPERATOR_IMAGE=
 	sed -i '/etcd-bootstrap/I,+1 d' /opt/openshift/manifests/etcd-host-service-endpoints.yaml
 fi