I can say the same literally for everything that's pending something : eventually the ice in the north pole will melt, the man will fly to Mars , eventually the man will built 1 mile high skyscraper and so on.
I think SEC proved to be unreliable and nontransparent because of the numerous delays with the ETF . This to me wrong and not less damageable to the industry than those who manipulate through misinformation. They failed to the high standards we should expect to from an institution like SEC .
The title of the article is drawing a different conclusion than what he actually said:
"I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so."
"Whether or not we’re going to find one that really protects investors I don’t know"
Reading between the lines, he is saying that anything that merely tracks BTC price will be denied. Protecting investors is the key: from the SEC's perspective the success of the issuer and the growth of Bitcoin itself is secondary. This probably requires an ETF to be structured so that risk is passed from the investor to the ETF manager.