Yes, GTA 5 will be 4K 60 FPS on Xbox Series X and PlayStation 5 with the GTA V Expanded and Enhanced Update.

PlayStation Germany Blog recently confirmed that GTA 5 would be 4K 60FPS on PlayStation 5, and it is very safe to assume that this will be the same thing for Xbox Series X.
In the Blog Post, which was translated by us, it said, “You have never seen the criminal metropolis Los Santos so beautiful when the skyline shines thanks to a bold graphic update in crisp 4K resolution, and you make the city extremely smooth and unsafe thanks to a smooth 60 FPS.”
We already know that this was not going to be a Simple Port, but I am glad to see some confirmation on this.
I am pretty sure that this will utilize all of the PlayStation 5 features such as Haptic Feedback as well and quicker load times or no load times on both Xbox Series X and PlayStation 5.
A GTA 3 Remaster is rumoured to be in development as well, which kind of makes sense because Rockstar promised something related to GTA 3 for its 20th Anniversary.I expect this to be announced on the 20th Anniversary of GTA 3 and release in late 2022 if it’s a proper remake.
We will keep updating you with stuff related to this rumoured GTA 3 Remake or Remaster.
We still do not know if we will get this expanded and enhanced update for free for the owners of the original PS4 and Xbox One versions.
I do not expect that to happen; however, I think that this update will cost around 50$ or 40$ but just remember nothing is official until it is confirmed by Rockstar Games themselves.
Many people are still hungry for Grand Theft Auto VI but do not expect it to release any time soon; this might be the reason they are making a GTA 3 Remake or Remaster to satisfy the GTA Fanbase.

This Expanded and Enhanced Version of Grand Theft Auto V is supposed to release in 2022, but we still have not seen any trailers which showcase graphical improvements.

Will GTA 5 Expanded & Enhanced be 4K 60FPS on Xbox Series X and PlayStation 5

However, it is common sense that this port will sell even if it has bad marketing because it’s GTA V, and that game is still topping the charts since 2013. GTA Online just keeps growing as well; most people who have bought it because of Online will definitely get GTA V Expanded and Enhanced Edition.