There are ethernet to usb-c dongles
With a special combined dongle that also has USB-C-PD, and a modem to connect directly to the internet, this could work.
But as said, there are issues.
I personally use a Turris MOX router. 64bit ARM, openWRT based fully FOSS OS, DNSSEC, 4 separate wifis to isolate clients, wireguard server, other software available too.
GrapheneOS is a client OS, not a router or server