Free and open source, works on iOS and MacOS. I run W11 for ARM using this on my M1 MacBook Air without any issues. It uses QEMU for underlying emulation so it’s a little less user friendly than Parallels or VMWare Fusion
Marco talked about video capture on an M1 computer on ATP awhile back. I think he is using 3 Elgato HD60 S+ devices to capture 3 laptop sources.
Yeah, have a look at UTM. Because you can run iOS apps on the Apple Silicon Macs natively, you can run this, and run x86_64 VMs under emulation. I’ve had success with both x86_64 and PowerPC machines.