Got the same problem, "add some events in the recording options" in “File” > “Recording Options…” doesn't work!

Xcode 12.5.1 still slow at launching the Simulator - iPhone 11 Pro Max (iOS 14.5) but at least I can testing on Simulator

Same here, does anyone know the root cause?

Same here, does anyone know how to fix it?

Getting the same problem on Xcode 12.2 (12B45b)