I haven’t heard the latest Bluetooth codec. AirPlay sounds lossy to me although an improvement over the Bluetooth that I have heard
Bluetooth 5.0 vs. Apple AirPlay
Which is a better format to play Sirius XM and other web-based music (e.g. Nugs.net) from my iPad/iPhone through a high-end DAC into a a fairly high-end stereo (McIntosh C2700 and MC611s), a McIntosh MB20 or through Apple AirPlay I have an Esoteric N-01XD for streaming and will use it’s DAC
Thanks