diff --git a/ui/components/app/asset-list/asset-list.js b/ui/components/app/asset-list/asset-list.js
index 3ba7a0c7d..da0209e8d 100644
--- a/ui/components/app/asset-list/asset-list.js
+++ b/ui/components/app/asset-list/asset-list.js
@@ -7,7 +7,7 @@ import AssetListItem from '../asset-list-item';
 import { PRIMARY, SECONDARY } from '../../../helpers/constants/common';
 import { useUserPreferencedCurrency } from '../../../hooks/useUserPreferencedCurrency';
 import {
-  getCurrentAccountWithSendEtherInfo,
+  getSelectedAccountCachedBalance,
   getShouldShowFiat,
   getNativeCurrencyImage,
   getDetectedTokensInCurrentNetwork,
@@ -33,9 +33,7 @@ const AssetList = ({ onClickAsset }) => {
 
   const [showDetectedTokens, setShowDetectedTokens] = useState(false);
 
-  const selectedAccountBalance = useSelector(
-    (state) => getCurrentAccountWithSendEtherInfo(state).balance,
-  );
+  const selectedAccountBalance = useSelector(getSelectedAccountCachedBalance);
   const nativeCurrency = useSelector(getNativeCurrency);
   const showFiat = useSelector(getShouldShowFiat);
   const trackEvent = useContext(MetaMetricsContext);
diff --git a/ui/components/app/wallet-overview/eth-overview.js b/ui/components/app/wallet-overview/eth-overview.js
index de3339b3e..b560c435b 100644
--- a/ui/components/app/wallet-overview/eth-overview.js
+++ b/ui/components/app/wallet-overview/eth-overview.js
@@ -16,13 +16,13 @@ import { PRIMARY, SECONDARY } from '../../../helpers/constants/common';
 import { showModal } from '../../../store/actions';
 import {
   isBalanceCached,
-  getSelectedAccount,
   getShouldShowFiat,
   getCurrentKeyring,
   getSwapsDefaultToken,
   getIsSwapsChain,
   getIsBuyableChain,
   getNativeCurrencyImage,
+  getSelectedAccountCachedBalance,
 } from '../../../selectors/selectors';
 import SwapIcon from '../../ui/icon/swap-icon.component';
 import BuyIcon from '../../ui/icon/overview-buy-icon.component';
@@ -32,6 +32,7 @@ import IconButton from '../../ui/icon-button';
 import { isHardwareKeyring } from '../../../helpers/utils/hardware';
 import { MetaMetricsContext } from '../../../contexts/metametrics';
 import { EVENT } from '../../../../shared/constants/metametrics';
+import Spinner from '../../ui/spinner';
 import WalletOverview from './wallet-overview';
 
 const EthOverview = ({ className }) => {
@@ -43,8 +44,7 @@ const EthOverview = ({ className }) => {
   const usingHardwareWallet = isHardwareKeyring(keyring?.type);
   const balanceIsCached = useSelector(isBalanceCached);
   const showFiat = useSelector(getShouldShowFiat);
-  const selectedAccount = useSelector(getSelectedAccount);
-  const { balance } = selectedAccount;
+  const balance = useSelector(getSelectedAccountCachedBalance);
   const isSwapsChain = useSelector(getIsSwapsChain);
   const isBuyableChain = useSelector(getIsBuyableChain);
   const primaryTokenImage = useSelector(getNativeCurrencyImage);
@@ -60,21 +60,28 @@ const EthOverview = ({ className }) => {
         >
           <div className="eth-overview__balance">
             <div className="eth-overview__primary-container">
-              <UserPreferencedCurrencyDisplay
-                className={classnames('eth-overview__primary-balance', {
-                  'eth-overview__cached-balance': balanceIsCached,
-                })}
-                data-testid="eth-overview__primary-currency"
-                value={balance}
-                type={PRIMARY}
-                ethNumberOfDecimals={4}
-                hideTitle
-              />
+              {balance ? (
+                <UserPreferencedCurrencyDisplay
+                  className={classnames('eth-overview__primary-balance', {
+                    'eth-overview__cached-balance': balanceIsCached,
+                  })}
+                  data-testid="eth-overview__primary-currency"
+                  value={balance}
+                  type={PRIMARY}
+                  ethNumberOfDecimals={4}
+                  hideTitle
+                />
+              ) : (
+                <Spinner
+                  color="var(--color-secondary-default)"
+                  className="loading-overlay__spinner"
+                />
+              )}
               {balanceIsCached ? (
                 <span className="eth-overview__cached-star">*</span>
               ) : null}
             </div>
-            {showFiat && (
+            {showFiat && balance && (
               <UserPreferencedCurrencyDisplay
                 className={classnames({
                   'eth-overview__cached-secondary-balance': balanceIsCached,