Wifi connection to optical PCM output is my answer ...
There are a number of wifi streaming options including airplay, DLNA, Soundtouch, Sonos, play-fi, chromecast ... to name a few. The geniuses at Apple made airplay always stream at 16bit/44.1kHz, so they will have to change their protocol if you want 24bit audio coming out of an airplay device. Sonos and Soundtouch are expensive, Chromecast only works with google devices such as android ... so that leaves DLNA and Play-Fi.
DLNA has been around for a long time, and there are many devices out there that can play DLNA audio stream at higher rates. Most DLNA devices that output optical PCM streams are cheap and chinese crap, but you may be able to find something to stream over wifi.
Play-Fi to me looks like the most promising wifi audio streaming protocol. It is generic, so it can be played on iOS, windows, kindle or google devices. It already has devices that can stream 24bit/192kHz files. The problem with Play-Fi at this particular time is that it is so new. There are a few devices, but I haven't been able to find any with optical outputs.
Just search wifi audio receiver, and you'll find a ton of devices out on the market.
So the next question is, how do you hook up wifi and browse or stream LTE at the same time. Well there are a couple ways. On apple devices you can connect airplay and turn off the router function ... or just in general, you give it a static IP/DHCP to connect to the wifi device and you'll always be connected.
Right now I'm waiting for the JL Audio TWK to come out, so I plan on doing something like this as a connection to the TWK. I have an outstanding question out to JL Audio as to what PCM audio stream the TWK can accept.
Good Luck.