I suspect a case of user error. At a maximum of 58 dB of gain + an extra 20 dB on the digital side, this interface potentially has a lot of gain to offer. Even with the best preamps in the world, audible noise may very well be normal under these conditions. More so if you left the input open (input impedance is quite high at 6 kOhms, so input current noise would probably make the noise floor go up a fair bit compared to the 150-600 ohms of a dynamic mic). Did you also try an actual dynamic microphone?
According to its spec, the E2x2 mic input should have an EIN of -130.5 dBu(A) with a 150 ohm source, which if accurate (I don't think John Yang would be overly challenged by this measurement) would be only 0.6 dB worse than the very best
@Julian Krause has tested to date and still in the "excellent" range, between the iD4/14 MkII and iD24.
View attachment 310390
I think the physical limit ought to be about -133 dB(A). This would mean we should be than 2.5 dB above the self noise of a 150 ohm dynamic mic.