All you need:
hdiutil create 1016.dmg -size 16g -layout SPUD -fs HFS+J
hdiutil attach 1016.dmg -noverify -nobrowse -mountpoint /Volumes/InstallBigSur
sudo /Applications/Install\ macOS\ Big\ Sur.app/Contents/Resources/createinstallmedia --volume /Volumes/InstallBigSur
hdiutil detach /Volumes/Install\ macOS\ Big\ Sur
hdiutil resize -sectors min 1016.dmg