No, not yet (not without jailbreak, at least). https://worthdoingbadly.com/hv/ mentions that M1 iPads "already have Hypervisor support unlocked in the kernel" so they might be planning something for someday…
Why is this being downvoted? with virtualization you could just run a linux distro or whatever and a lot of the complains in this thread would be resolved
fwiw, qemu is not always strictly emulation. On macOS, QEMU supports using Hypervisor.framework as a backend for fast same-arch system virtualization. This is also technically possible on M1 iOS devices (w/ forged entitlements) as you mentioned and someone actually did that recently