To activate ray tracing, you can head to 'Game Options' and then choose to turn on Ray Tracing. For PC, head to 'Graphics,' then turn on 'Ray Tracing.'
The latest update for Elden Ring brings the game to version 1.09 and adds ray-tracing visual effects for PC and next-gen consoles, as well a wide range of PvP and general balance changes, and adjustments to Ashes of War