Ah, nice Info and thanks for the links!US$15 OREI HDMI Splitter 1 in 2 Out
... but requires the monitor to support multichannel audio.
A dedicated multichannel audio extractor costs more, e.g. US$48
4K HDMI Audio Extractor Splitter, HDMI to HDMI
The extractor would probably be the solution I would try. Sure, not cheap but also not expensive and less than a soundcard!
And no optical channel splitting with compatibility issues etc.
The only issue might be that you can't use vrr if you're using a gsync/freesync display?