Is there any way I can convert a bitmap selection into a vector path?

Is there any way, other than manually tracing with the pen tool, that I can convert a bitmap selection to a vector path (SVG)?

If you’re using the selection tools, and you haven’t used the magic wand yet - the menu item Select > Make Shape Layer from Selection will be available. It’ll make a bezier shape out of that selection.

However, there’s no way to take a generic bitmap and turn that into a vector shape.