Spider-Man: Miles Morales has been updated to version 1.012 today by Insomniac Games. You can find out the complete patch notes here.
According to the patch notes for this update, this resolves an issue with the game where the Ultimate Edition upgrade would not appear in the main menu. This is the only fix listed for this minor update so take it with a pinch of lime. Read the complete patch notes below which are not that much anyways.
Spider-Man: Miles Morales Update 1.012 Patch Notes
General Fixes & Polish
- Addressed an issue where the Ultimate Edition upgrade button would not appear on the main menu
