diff --git a/packages/react/src/components/FormattingToolbar/FormattingToolbarController.tsx b/packages/react/src/components/FormattingToolbar/FormattingToolbarController.tsx
index 839903c172..ae9852d206 100644
--- a/packages/react/src/components/FormattingToolbar/FormattingToolbarController.tsx
+++ b/packages/react/src/components/FormattingToolbar/FormattingToolbarController.tsx
@@ -5,12 +5,13 @@ import {
   StyleSchema,
 } from "@blocknote/core";
 import { flip, offset } from "@floating-ui/react";
-import { FC, useState } from "react";
+import { FC, useMemo, useRef, useState } from "react";
 
 import { useBlockNoteEditor } from "../../hooks/useBlockNoteEditor";
 import { useEditorContentOrSelectionChange } from "../../hooks/useEditorContentOrSelectionChange";
 import { useUIElementPositioning } from "../../hooks/useUIElementPositioning";
 import { useUIPluginState } from "../../hooks/useUIPluginState";
+import { mergeRefs } from "../../util/mergeRefs";
 import { FormattingToolbarProps } from "./FormattingToolbarProps";
 import { FormattingToolbar } from "./mantine/FormattingToolbar";
 
@@ -32,6 +33,8 @@ const textAlignmentToPlacement = (
 export const FormattingToolbarController = (props: {
   formattingToolbar?: FC<FormattingToolbarProps>;
 }) => {
+  const divRef = useRef<HTMLDivElement>(null);
+
   const editor = useBlockNoteEditor<
     BlockSchema,
     InlineContentSchema,
@@ -79,14 +82,28 @@ export const FormattingToolbarController = (props: {
     }
   );
 
+  const combinedRef = useMemo(() => mergeRefs([divRef, ref]), [divRef, ref]);
+
   if (!isMounted || !state) {
     return null;
   }
 
+  if (!state.show && divRef.current) {
+    // The component is fading out. Use the previous state to render the toolbar with innerHTML,
+    // because otherwise the toolbar will quickly flickr (i.e.: show a different state) while fading out,
+    // which looks weird
+    return (
+      <div
+        ref={combinedRef}
+        style={style}
+        dangerouslySetInnerHTML={{ __html: divRef.current.innerHTML }}></div>
+    );
+  }
+
   const Component = props.formattingToolbar || FormattingToolbar;
 
   return (
-    <div ref={ref} style={style}>
+    <div ref={combinedRef} style={style}>
       <Component />
     </div>
   );