http://www.youtube.com/v/3Mo8ArzX4cE&fs=1
Thats a complete waste of time vid .... (Oxygen thief Michael Lavorgna as a panelist is a big hint not to waste your time).
Bluetooth audio is usually compressed. If your DAC has a optical TOSLINK port, you are better off with a simple Apple Airport Express (if using iPhone or iPad) or Google Chromecast Audio (if Android Phone) to pipe the audio stream from phone into the DAC.