Just got this DAC and hooked it up. Indeed, coax out is driven directly off of USB. Setting the input doesn't affect it at all - it only affects the analogue out.
However it at least let's me replace two devices, and it much better matches my THX AAA 789 AMP. It's a really good looking DAC in a nice compact size. There is also no front logo on mine.
Only thing I noticed was the very low volume, which is now fixed after I flashed the max volume firmware. It is bundled with a USB-C to USB-A cable, which I just plugged into my anker hub under my desk, which has 3 2.1amp ports. I actually prefer I don't need to waste a power outlet on it. So far so good! This seems like the perfect USB DAC with XLR and digital out. If only it had full digital passthrough, then it would be my end game DAC
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