out from my TV it’s the only option available and I was wondering if it will have multi-channel capabilities during streaming
Only if you have a home theater processor which will take it. :) I think there’s like 1 or 2 genuine multi-channel PCM DACs out there, but for all other practical purposes, not with a stereo DAC. :)
Make sure you tell your TV which kind you are sending the signal to. PCM is what you want for your typical stereo DAC/streamer.