Ambivalent.
I don't see ETFs as a boon for Bitcoin. They don't help improve the technology. They won't bring any genuine adoption. They can't demonstrate to normal people why Bitcoin is important. If ETFs get approved, all it does is reinforce the misguided notion that Bitcoin is purely a speculative asset and lets banksters place their bets from the sidelines. I'd rather see price discovery occur organically through ordinary people finding a genuine benefit to using Bitcoin, not through a bunch of Wall Street Whales and their automated high-frequency-trading algorithms manipulating everything to shit. It's had to imagine why people are looking forward to that, unless they don't actually care about the future of crypto and are just in this for a "quick buck".
Their statement at that time seemed like a pretty sweeping condemnation of the underlying market, which they paint as easily manipulated.
What the SEC seem to fail to comprehend is that any market can be manipulated if you throw enough money at it. HFT is often abused for this purpose.