Parallels M1 MacOS Guest VM using an universal application OS installer

OscarA4

Bit poster
Hi,
I tried using parallels 17 on a M1 mac machine with Monterey OS Beta 10 to create a VM from a 'Install Monterey' universal application (Also Monterey OS).
However, it fails to create the image file with "failed to create a bootable disk image file for this version of macos"
Is this scenario supported? It works on intel machines
 
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