You can.
And it'll stream in Dolby Atmos too. But it wouldn't do HDR pass-through to my TV.
I also have a TV that supports 120Hz and all latest goodies, so this won't work there either (HDMI2.0 for it against Xbox/PS5 HDMI2.1)
Before I was connecting the Xbox One X and PS4 directly to the TV connected in ARC to this.
I didn't get full ATMOS (that's eARC only), but worked well.
You can.
And it'll stream in Dolby Atmos too. But it wouldn't do HDR pass-through to my TV.
I also have a TV that supports 120Hz and all latest goodies, so this won't work there either (HDMI2.0 for it against Xbox/PS5 HDMI2.1)
Before I was connecting the Xbox One X and PS4 directly to the TV connected in ARC to this.
I didn't get full ATMOS (that's eARC only), but worked well.
So it all depends on the TV you got really.