diff --git a/.changeset/hungry-dogs-happen.md b/.changeset/hungry-dogs-happen.md
new file mode 100644
index 000000000000..e041a94c24a7
--- /dev/null
+++ b/.changeset/hungry-dogs-happen.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: ensure SvelteMap reactivity persists through deriveds
diff --git a/packages/svelte/src/reactivity/map.js b/packages/svelte/src/reactivity/map.js
index c732806cd0b6..ddadad90e2fc 100644
--- a/packages/svelte/src/reactivity/map.js
+++ b/packages/svelte/src/reactivity/map.js
@@ -94,13 +94,22 @@ export class SvelteMap extends Map {
 		var s = sources.get(key);
 		var prev_res = super.get(key);
 		var res = super.set(key, value);
+		var version = this.#version;
 
 		if (s === undefined) {
 			sources.set(key, source(0));
 			set(this.#size, super.size);
-			increment(this.#version);
+			increment(version);
 		} else if (prev_res !== value) {
 			increment(s);
+			// If no one listening to this property and is listening to the version, or
+			// the inverse, then we should increment the version to be safe
+			if (
+				(s.reactions === null && version.reactions !== null) ||
+				(s.reactions !== null && version.reactions === null)
+			) {
+				increment(version);
+			}
 		}
 
 		return res;
diff --git a/packages/svelte/tests/runtime-runes/samples/derived-map/_config.js b/packages/svelte/tests/runtime-runes/samples/derived-map/_config.js
new file mode 100644
index 000000000000..f3d115c62bfa
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/derived-map/_config.js
@@ -0,0 +1,13 @@
+import { flushSync } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	html: `Loading`,
+
+	async test({ assert, target }) {
+		await Promise.resolve();
+		flushSync();
+
+		assert.htmlEqual(target.innerHTML, `1`);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/derived-map/main.svelte b/packages/svelte/tests/runtime-runes/samples/derived-map/main.svelte
new file mode 100644
index 000000000000..6278af81589a
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/derived-map/main.svelte
@@ -0,0 +1,34 @@
+<script>
+	import { untrack } from 'svelte';
+	import { SvelteMap } from 'svelte/reactivity';
+
+	const cache = new SvelteMap();
+
+	function get_async(id) {
+		const model = cache.get(id);
+
+		if (!model) {
+			const promise = new Promise(async () => {
+				await Promise.resolve();
+				cache.set(id, id.toString());
+			}).then(() => cache.get(id));
+
+			untrack(() => {
+				cache.set(id, promise);
+			});
+
+			return promise;
+		}
+
+		return model;
+	}
+
+	const value = $derived(get_async(1));
+</script>
+
+{#if value instanceof Promise}
+	Loading
+{:else}
+	{value}
+{/if}
+