When new versions of the Openshift operator are deployed by JFrog, you will receive automatic upgrades, provided you selected install next version through OperatorHub .
For example, if you are running version 3.6.2. and an upgrade becomes available for 3.8.0 in Operatorhub Xray will automatically upgrade to 3.8.0 within 24 hours.
For more information see Openshift upgrade and OLM.