You are absolutely right. It cannot in any way improve the sound. If it is working properly what comes in will come out in exactly the same bitperfect shape and form.
Of course, if it also includes a DAC (quite a few do) that DAC may influence the sound. But the streamer part is neutral.
Of course, if it also includes a DAC (quite a few do) that DAC may influence the sound. But the streamer part is neutral.