@vshah804
Sure thing.
First I would ditch the blank value in your SharePoint list, you don't need it.
Next, on the Items property of your Dropdown, set the formula to the following:
With({listItems: yourSharePointList},
ForAll(
Sequence(CountRows(listItems)+1),
{Value: If(Value-1 = 0, Blank(), Last(FirstN(listItems, Value-1)).yourColumnName)}
)
)
In the above formula you will need to substitute:
1) The name of your SharePoint list where indicated. Or, if you are using a Filter, that filter statement.
2) The name of your column in the list that you want displayed in your Dropdown where indicated.
This will give you a collection-less dynamic dropdown with the first item being a blank option.