Of course they want to make money, that's what every investor in the world wants! Now, the way they go about making money is providing a valuable service to the rest of the BTC economy. If they succeed in doing this, we're all better off, both them, and us.
Id be very surprised if we see this make much headway in the next one or two years,
For new types of ETFs, even ones that track widely known assets, its not uncommon for the process to take more than a year.
http://blogs.wsj.com/moneybeat/2013/07/02/bitcoin-exchange-traded-offering-seen-facing-tough-regulatory-scrutiny/