Install Sentry SDK with OpenTelemetry support: 
pip install --upgrade 'sentry-sdk[opentelemetry]'
Initialize Sentry and enable OpenTelemetry instrumentation: 
import sentry_sdk

sentry_sdk.init(
dsn=<Your DSN>,
enable_tracing=True,

    # set the instrumenter to use OpenTelemetry instead of Sentry
    instrumenter="otel",

)
Then, when initializing the Traceloop SDK, make sure to override the processor and propagator: 
from traceloop.sdk import Traceloop
from sentry_sdk.integrations.opentelemetry import SentrySpanProcessor, SentryPropagator

Traceloop.init(processor=SentrySpanProcessor(), propagator=SentryPropagator())