Potentially, though the Hifime product blurb days it doesn't work directly with Dacs and needs to be connected to a computer. Presumably a driver/coms protocol thing. From recollection I tried the direct connection to my DDC (U18) and sure enough it didn't work.It could be a great idea. So I can buy sometingh like this (https://www.thomann.de/gb/lindy_audiokonverter_spdif_digital.htm) to get the Coaxial signal form the DI20 and to use that one you suggest (https://hifimediy.com/product/hifime-ur23-spdif-optical-to-usb-converter/) to go into the EF 44o Usb port
Also even if it did work the signal will have been through multiple conversions so likely to have much more jitter than when it left the DI-20. Worse still, if, as I understand, a computer has to be in the chain.