iFi uses Burr-Brown DACs with a multi-stage FIR filter for DSD, see the PCM1792 datasheet I linked above. See the
PCM1795 for a more modern version of this design. The disadvantage is that the analog audio output is going through a bank of switched capacitors followed by 4th-order Bessel filters, a direct-charge-transfer stage to buffer the transients, and finally a 2nd or 3rd-order RC filter (see section 7.5.1 of
Schreier and Temes). It's relatively expensive to implement correctly, but capable of producing perfectly acceptable results. There's nothing especially notable about it, except that it takes some skill to design properly.
As a matter of interest, I came across
this patent which explains the method used by CirrusLogic in more detail. It talks about 'volume control by processing directly on the 1-bit data' and this presumably relates to their digital implementation of the 50kHz filter as well. It turns out that they are considerably extending the word length in order to perform this, but then decimate down to feed to their 4-bit ΔΣ DAC: "Delta-Sigma modulator
201, whose noise transfer function is generally the high pass response shown in FIG. 2B, re-codes multiple-bit data generated from the volume scaling multiplication into multiple-bit data having m number of levels. For example, the scaled data may be 16 bit and the output of the modulator more completely quantized Delta-Sigma modulated 4-bit data." Since everything is going through their multi-bit DAC they don't need to include the aggressive filtering discussed above.