Most Video adapters can't transmit high Frequencies. Most transmit 60hz especially DVI-D type adapters.
Just because it outputs HMDI 2.0 you have to realize DVI-D maximum Hz is much lower then HDMI 2.0 Max Hz.
Best way to find out is by connecting your 240hz Monitor directly with no adapters.
NOTE: I guess this is you that opened this Reddit Thread about the same exact issue with same Video adapter: https://www.reddit.com/r/Monitors/comments/115mpwb/new_240_hz_monitor_only_shows_60_hz_in_windows/