Very slowly reading directory and M3U8

Please compare:
SATA SSD up to 500 MByte per second, (~ 4000 Mbit per second)
USB3.0 5 to 30 Mbit per second.

So what happens if you copy the files from the USB drive first to the SSD and then load them?

The linked threads also suggested a number of further tuning steps like an exception in the Windows defender.
So please check those hints as well.
And there are some performance dates:

How does your setup compare with these?