Fidelity Investments revealed plans on Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, furthering the money manager’s push to bring cryptocurrencies to mainstream finance. The ETF, named Wise Origin Bitcoin Trust, will seek to match an index that takes spot prices from numerous bitcoin markets, including popular exchanges, Fidelity stated in a securities filing. Fidelity Digital Assets will provide as the fund’s custodian, storing Wise Origin’s holdings.The ETF, which requires the Securities and Exchange Commission’s approval, would mark a massive step forward in the firm’s bitcoin ambitions . If it is accepted, the ETF could be available for purchase on the big brokerage and wealth-management platforms that look after trillions of dollars of individual investors’ assets. The SEC has consecutively denied applications for bitcoin ETFs, blocking investors from buying into the market through financial vehicles whose low fees and tax advantages have supported in upending the way the stock and bond funds are sold. However, the industry remains hopeful that certain funds will eventually break through.