No, you would need matching collets. Many people buy a set from Amazon like this: https://www.amazon.de/Genmitsu-Frühling-Spannvorrichtung-Graviermaschine-Fräsdrehmaschine/dp/B08K7FDDRR/ref=sr_1_3?keywords=er11+collet+set&qid=1679667507&sr=8-3 and report good results. I decided again to go for quality and invested a bit more: Buy Collet Set ER11 I STEPCRAFT, 75,99 €
But you will find acrylic-capabale bits also in 3.175 if you prefer to stay with the existing collet.