The effect of chitosan‐based coatings containing ethanolic extracts of propolis (EEPs) on the quality of chill‐stored, vacuum‐packed fillets of cachama, an emerging aquaculture species of fish native to the Amazon basins, was evaluated. Coatings were prepared by adding propolis to chitosan following two different strategies: (1) incorporation of microencapsulated EEP and (2) direct incorporation of EEP. Fillets were dip‐coated, vacuum‐packed in medium‐oxygen barrier bags, stored at 4°C, and their quality was evaluated during 20 days, by monitoring lipid oxidation indexes, physicochemical parameters, microbiological quality indicators, texture profile, and sensory acceptance. Chitosan‐EEP coatings significantly increased the time stability of physicochemical, microbiological, and sensory quality indicators of the fish meat compared with control treatments (uncoated vacuum‐packed fillets). In particular, the secondary lipid oxidation of the coated muscles was 12% to 15% lower compared with uncoated samples after 12 days; pH and total volatile base nitrogen (TVB‐N) presented a slower increase in the coated samples; and a greater inhibition of coliforms was observed between days 8 and 16. The chitosan‐EEP coatings had a positive effect in both texture stability and sensory acceptance of the products during storage. Moreover, chitosan coatings with encapsulated EEP had better impact on the evaluated sensory quality parameters. The results indicate that the combination of the barrier properties of chitosan with the bioactive properties of propolis compounds against oxidative free radicals and microbiological deterioration allowed for the edible coatings to extend the shelf life of this aquaculture product with respect to conventionally vacuum‐packed fillets.