Derivatives (e.g., Swaps and forwards) with crypto as its underlying?

[Brijanb]

Hello,

Are there any instruments to hedge/speculate on cryptocurrencies without taking an actual position on the crypto? I can imagine that call/put options on bitcoins might be interesting to investors because it has proven to be a solid liquid currency.  Furthermore, if there would be forwards to lock in a certain exchange rate, that would also mitigate a lot of risk and volatility. What do you guys think?