Nested virtualization on macOS host + macOS guest

[crysxd]

I want to use an Android emulator (which uses QEMU) inside a macOS 15 guest on an macOS 15 host. The machine is using an M4 chip. From my understanding, this should work with macOS 15 and M3+. Is there something I do wrong or is this not supported?

The emulator fails with following logs, so the Hypervisor Framework seems to be not available:

Configuration

• UTM Version: 4.6.4
• macOS Version: 15.2
• Mac Chip (Intel, M1, ...): M4