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Firefox on ARM64 Windows exists for years and I assume most who use Parallels on a Mac know and use it.

This is the only valid way of using windows, I guess

And Firefox as well if I'm not mistaken. On their download page, I can choose "Windows ARM64/AArch64" as platform: https://www.mozilla.org/en-US/firefox/all/

There's also been a port of Chromium for years in addition to the Firefox port others have mentioned.

Both are probably better options than Google Chrome, which sole purpose seems to be tracking your browsing activity ;).

Based on the last time I opened Edge I'd say Microsoft is somehow beating Google on that count.