I didn't see this documented anywhere, but apparently it's built only for Intel-based Macs. It'll still work on Apple Silicon, but only if the application using it is also built for Intel-based Macs. So you'd want to ensure you install the Intel-based version of Zoom, and then be careful to avoid it auto-updating to the version for Apple Silicon.
I bought a license for Cascable's Pro Webcam, and it mostly worked, but I'd often have issues getting it to initially connect to the camera and it'd sometimes cut out unexpectedly.
I use Syphon Virtual Webcam[2] to feed to Zoom, but you can also use OBS.
I have played with EOS webcam utility in the past and if you are not ready to spend big, DSLR is not the way to go.