VMWare Fusion/Workstation Pro is free for personal use.

There aren’t many free virtual machine options for Apple M series Macs, I was using UTM for a while, now check out this announcement from VMWare.

Pro Apps are now Free for Personal Use and Licensed for Commercial Use

I extracted the download links here:

All you need to do is to signup a Broadcom account and download the VMware Fusion Pro or Workstation Pro.

After that you just choose the option:

Choose Personal Use

In a few clicks you can download ARM Windows 11 and install it.

Download Arm Windows

Enjoy!