Hi,
You must turn on your Mac's Wi-Fi and connect to a network before opening Sharing settings to populate the channel list.
Toggle and restart: Turn Internet Sharing off, restart your iMac, and turn it back on.
If the channel still remains blank, corrupted preference files are likely blocking the configuration.
- Open Finder and press Shift + Command + G.
- Paste /Library/Preferences/SystemConfiguration/ and press Enter.
- Locate and back up these files to a safe folder on your desktop:
- com.apple.nat.plist
- NetworkInterfaces.plist
- preferences.plist
- Delete the original files from the SystemConfiguration folder.
- Restart your iMac so macOS can generate fresh, uncorrupted configuration files.
- Reconfigure your Internet Sharing settings.
If still channel is blank, contact Apple Support and ask about it. It could be possible that it might be bug of macOS.