The Yeezy Boost 350 V2 "Beluga" was revealed at the Yeezy Season 3 show and was released on September 24, 2016. It is considered a remake of the previous Yeezy Boost 350 and features several outer changes, such as a different pattern, removed heel tab, and a large stripe running around the outer side of the shoe with the characters "SPLY-350". The sole was also updated to be transparent and featured full-length visibility of the Boost material midsole through a grid-pattern opening on the outsole. On September 24, 2016, the Yeezy Boost V2 "Beluga” officially released.It featured an all Grey outsole and prime knit, with a large colored orange stripe with the characters "SPLY-350". On November 23, 2016, three new colourways released, "Copper", "Green", and "Red", featuring an all-black outsole and prime knit, with a large coloured stripe with the words "SPLY-350". A “Core Black/Core White” colourway, dubbed "Oreo", was released on December 17, 2016. It also featured a black outsole and prime knit, as well as a white stripe across the shoe. A notable change to the Yeezy Boost 350 V2 line was when a black and red, or "Bred", colourway released February 11, 2017.The colorway possesses a "triple black" colorway, with the "SPLY-350" displayed in a red tint. Additionally, the Zebras officially became the first 350 to opt-out of the prominent stripe. A "Zebra" colourway was released on February 25, 2017, and later restocked online and in various Adidas stores and retailers on June 24, 2017. The colourway featured prominent black stripes over a never before seen white overlay, prompting a surge of value and hype from the sneaker community.On April 29, 2017, a long-awaited model labelled as "Cream White" was released to the public.All such colorways were released for a retail price of $220. Three new colourways of the Yeezy 350 V2 model later surfaced. A "Semi-Frozen Yellow" colourway, featuring a bright yellow prime knit upper and unique "gum soles", released on November 18, 2017, in limited quantity. Additionally, a colourway with a strikingly familiar pattern (to the first release of the Yeezy 350 V2 dubbed the "Beluga 2.0" released at various retailers in large quantity seven days after the "Semi-Frozen Yellow" released on November 25, 2017.It subsequently restocked on the 30th of November. The third colourway, "Blue Tint," was released the December 16th. All colourways have opted to possess consistent prime knit patterns without a prominent stripe on the sides; however, the iconic "SPLY-350" will still be retained on all three pairs with prices being set at $220. In 2018, many colourways of the 350 V2 were released, and there were also many restocks. On June 30, the first new 350 V2 colourway of 2018 dropped called the "Butter".The Triple White colour restocked on September 21and was said to have been the biggest Yeezy drop ever. On November 16, the zebra colourway of the 350 restocked.Shortly after, a new colourway called the “Sesame” released on Black Friday of 2018 (November 23). It featured a grey upper, with a white Boost and midsole, completed with a gum-coloured outsole.On December 14th, 2018 the Frozen Yellows re-released in stores. The final 350 V2 Yeezys to release in 2018 would be the White Statics in both "Reflective and Non-Reflective". On December 26th the (Reflective) White Statics released on Yeezy Supply only. These featured a very different design and had a very low quantity produced. Then on December 27th, the (non-reflective) White Statics were released. All 350 V2 releases in 2018, including the special "(Reflective) White Static", maintained the $220 USD price tag. 

2019 saw the release of more colorways for the 350 V2, including the "Butter", "True Form", "Hyperspace", "Clay", "Glow in the Dark", "Black", "Black Reflective", "Antlia", "Antlia Reflective", "Synth", "Synth Reflective", "Lundmark", "Lundmark Reflective", "Cloud White", "Cloud White Reflective", "Citrin", "Citrin Reflective", “Yeezreel”, “Yeezreel Reflective”, “Yecheil”, and “Yecheil Reflective”. Following in the footsteps of the late 2018 release of the "Statics", many of the 2019 releases for the 350 V2 had a normal and "reflective" version of the sneaker drop, allowing there to be a more limited and hyped-up release for the reflective shoe while still allowing more people to acquire the more readily available regular version of the colourways.

In 2020, many new models of the 350 V2 were announced, including the “Desert Sage”, “Desert Sage Reflective”, “Marsh”, “Marsh Reflective”, “Yeshaya”, “Yeshaya Reflective”, “Tail Light”,“Cinder”, “Cinder Reflective”, “Sulfur”, “Flax”, “Linen”, and “Earth”, with the “Tail Light, "Marsh”, “Marsh Reflective”, “Yeshaya”, and the “Yeshaya Reflective” already having been released. A notable change to the 350 V2 colorways being released in 2020 is that rather than having a 3M reflective coating throughout the entire shoe, the 3M reflective is put in the stripe on the side of the shoe rather then the entire shoe.

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