How to run Win11 on ARM64 with qeum_x64?

While I am trying to get Windows 11 on ARM64 running under macOS w/ M1 cpu, I would like to explore if it is possible to run the W11 on Arm64 under qemu_x86_64 .

I downloaded the VHDX from MS, and converted it to qcow2 by
qemu-img convert -O qcow2 VHDX.VHDX qcow2.qcow2

Please share any pointers / materials / examples.

Thank you in advance!