Probably just a lack of awareness. If you read the support page closely, Yubikey 5 is given as an example of a supported FIDO2 key, but I’d bet that the Titan works as well.
It’s kind of like how Google clearly states that you need to use Google Authenticator (tm) as 2FA for your Google account, but really any TOTP app will work.
I was hopeful that the Titan would be supported with AppleID, but reading the page it doesn’t look like it.