Currently it’s by design that products are edited using the classic editor. There are plans to switch to the Blocks editor in the future.
Interesting read: https://woocommerce.com/posts/woocommerce-and-wordpress-5-0/
FYI: This is the snippet in WooCommerce that disabled the block editor for products (includes/class-wc-post-types.php):
/**
* Disable Gutenberg for products.
*
* @param bool $can_edit Whether the post type can be edited or not.
* @param string $post_type The post type being checked.
* @return bool
*/
public static function gutenberg_can_edit_post_type( $can_edit, $post_type ) {
return 'product' === $post_type ? false : $can_edit;
}
Thank you @Soft79 for the kind explanation!