Exactly. And it is curious that they do not offer any chain rings smaller than 38. I think there are plenty of people who’d want a smaller gear than 38:9 = 4.22 as their top gear on a bona fide gravel bike. On the other hand, that cassette and that chain ring makes a whole lot of sense on a do-it-all bike where you swap out the wheels if necessary and either go on a road ride, off road or you put on wider tires with no or moderate tread.
If it weren’t for Campagnolo’s shifters, I’d be really tempted.