My suggestion would be to pick up a used Bluesound Vault 2 which will serve as CD ripper, storage and streamer/DAC. One box, that does it all. And choose .wav format to rip your CD’s. How many CD’s are you looking to rip? Vault has 2TB storage which can store roughly 2856 CDs.
I owned Vault 2 for 5 years before moving on to Aurender ACS100, which offers much superior App interface to curate, metadata edits and access to my CD collection, all from iPad.