be a bit careful with that image - it’s not actually the intended primary live image, it’s an image built by osbuild, which is still considered experimental. it should probably work okay, but just a heads up. it may install the system in SELinux permissive mode instead of enforcing mode (which is meant to be the default), use setenforce Enforcing to flip it back to enforcing.
the aarch64 live ISOs for the compose (aside from the osbuild one) all failed to build due to https://bugzilla.redhat.com/show_bug.cgi?id=2247319 , which has been proving extremely difficult to debug, unfortunately.
the image should deploy fine in virtual machines if the VM software lets you boot from it, we test this daily - openQA: fedora-40-Workstation-raw_xz-raw.xz-aarch64-BuildFedora-40-20240414.0-install_arm_image_deployment_upload@aarch64 test results was the test of the deploying the Workstation disk image from the F40 compose, for instance.