I am obviously not in any way a technical expert but it seems similar devices (Gutwire) are positively reviewed by the likes of audiobacon, audiophileman and 6moons and sold by the CableCo. Seems another religious war is in the making.
Cheap grounding solution
By chance I happened on a good use for disused power cords: Disconnect live and neutral leads at the power plug and connect them all to ground. Take off the IEC connector and terminate all to a single spade connector. On your DAC or preamp connect spade to grounding post or casing and insert power plags into a switched of mains socket, ideally on a different circuit. Alternatively terminate with RCAplug not connecting the centre pin and use spare RCA input on Pre or DAC I think you‘ll be pleasantly surprised about the increase in blackness, depth and height of soundstage as well as increased transparency. Total cost: zip squad diddely