diff --git a/packages/block-editor/src/components/rich-text/content.js b/packages/block-editor/src/components/rich-text/content.js
index dfd206a1ddb7e9..9762582f86f141 100644
--- a/packages/block-editor/src/components/rich-text/content.js
+++ b/packages/block-editor/src/components/rich-text/content.js
@@ -2,11 +2,7 @@
  * WordPress dependencies
  */
 import { RawHTML } from '@wordpress/element';
-import {
-	children as childrenSource,
-	getSaveElement,
-	__unstableGetBlockProps as getBlockProps,
-} from '@wordpress/blocks';
+import { children as childrenSource } from '@wordpress/blocks';
 import deprecated from '@wordpress/deprecated';
 
 /**
@@ -42,44 +38,3 @@ export const Content = ( { value, tagName: Tag, multiline, ...props } ) => {
 
 	return content;
 };
-
-Content.__unstableIsRichTextContent = {};
-
-function findContent( blocks, richTextValues = [] ) {
-	if ( ! Array.isArray( blocks ) ) {
-		blocks = [ blocks ];
-	}
-
-	for ( const block of blocks ) {
-		if (
-			block?.type?.__unstableIsRichTextContent ===
-			Content.__unstableIsRichTextContent
-		) {
-			richTextValues.push( block.props.value );
-			continue;
-		}
-
-		if ( block?.props?.children ) {
-			findContent( block.props.children, richTextValues );
-		}
-	}
-
-	return richTextValues;
-}
-
-function _getSaveElement( { name, attributes, innerBlocks } ) {
-	return getSaveElement(
-		name,
-		attributes,
-		innerBlocks.map( _getSaveElement )
-	);
-}
-
-export function getRichTextValues( blocks = [] ) {
-	getBlockProps.skipFilters = true;
-	const values = findContent(
-		( Array.isArray( blocks ) ? blocks : [ blocks ] ).map( _getSaveElement )
-	);
-	getBlockProps.skipFilters = false;
-	return values;
-}
diff --git a/packages/block-editor/src/components/rich-text/get-rich-text-values.js b/packages/block-editor/src/components/rich-text/get-rich-text-values.js
new file mode 100644
index 00000000000000..4ecee9b76530e5
--- /dev/null
+++ b/packages/block-editor/src/components/rich-text/get-rich-text-values.js
@@ -0,0 +1,95 @@
+/**
+ * WordPress dependencies
+ */
+import { RawHTML, StrictMode, Fragment } from '@wordpress/element';
+import {
+	getSaveElement,
+	__unstableGetBlockProps as getBlockProps,
+} from '@wordpress/blocks';
+
+/**
+ * Internal dependencies
+ */
+import InnerBlocks from '../inner-blocks';
+import { Content } from './content';
+
+/*
+ * This function is similar to `@wordpress/element`'s `renderToString` function,
+ * except that it does not render the elements to a string, but instead collects
+ * the values of all rich text `Content` elements.
+ */
+function addValuesForElement( element, ...args ) {
+	if ( null === element || undefined === element || false === element ) {
+		return;
+	}
+
+	if ( Array.isArray( element ) ) {
+		return addValuesForElements( element, ...args );
+	}
+
+	switch ( typeof element ) {
+		case 'string':
+		case 'number':
+			return;
+	}
+
+	const { type, props } = element;
+
+	switch ( type ) {
+		case StrictMode:
+		case Fragment:
+			return addValuesForElements( props.children, ...args );
+		case RawHTML:
+			return;
+		case InnerBlocks.Content:
+			return addValuesForBlocks( ...args );
+		case Content:
+			const [ values ] = args;
+			values.push( props.value );
+			return;
+	}
+
+	switch ( typeof type ) {
+		case 'string':
+			if ( typeof props.children !== 'undefined' ) {
+				return addValuesForElements( props.children, ...args );
+			}
+			return;
+		case 'function':
+			if (
+				type.prototype &&
+				typeof type.prototype.render === 'function'
+			) {
+				return addValuesForElement(
+					new type( props ).render(),
+					...args
+				);
+			}
+
+			return addValuesForElement( type( props ), ...args );
+	}
+}
+
+function addValuesForElements( children, ...args ) {
+	children = Array.isArray( children ) ? children : [ children ];
+
+	for ( let i = 0; i < children.length; i++ ) {
+		addValuesForElement( children[ i ], ...args );
+	}
+}
+
+function addValuesForBlocks( values, blocks ) {
+	for ( let i = 0; i < blocks.length; i++ ) {
+		const { name, attributes, innerBlocks } = blocks[ i ];
+		const saveElement = getSaveElement( name, attributes );
+		addValuesForElement( saveElement, values, innerBlocks );
+	}
+}
+
+export function getRichTextValues( blocks = [] ) {
+	getBlockProps.skipFilters = true;
+	const values = [];
+	addValuesForBlocks( values, blocks );
+	getBlockProps.skipFilters = false;
+	return values;
+}
diff --git a/packages/block-editor/src/private-apis.js b/packages/block-editor/src/private-apis.js
index 1200dee367d243..453fbd7ce63eb9 100644
--- a/packages/block-editor/src/private-apis.js
+++ b/packages/block-editor/src/private-apis.js
@@ -4,7 +4,7 @@
 import * as globalStyles from './components/global-styles';
 import { ExperimentalBlockEditorProvider } from './components/provider';
 import { lock } from './lock-unlock';
-import { getRichTextValues } from './components/rich-text/content';
+import { getRichTextValues } from './components/rich-text/get-rich-text-values';
 import { kebabCase } from './utils/object';
 import ResizableBoxPopover from './components/resizable-box-popover';
 import { ComposedPrivateInserter as PrivateInserter } from './components/inserter';
diff --git a/test/e2e/specs/editor/various/footnotes.spec.js b/test/e2e/specs/editor/various/footnotes.spec.js
index e65eee6d3d08eb..1f2fd33f23f738 100644
--- a/test/e2e/specs/editor/various/footnotes.spec.js
+++ b/test/e2e/specs/editor/various/footnotes.spec.js
@@ -182,4 +182,100 @@ test.describe( 'Footnotes', () => {
 
 		expect( await getFootnotes( page ) ).toMatchObject( [] );
 	} );
+
+	test( 'can be inserted in a list', async ( { editor, page } ) => {
+		await editor.canvas.click( 'role=button[name="Add default block"i]' );
+		await page.keyboard.type( '* 1' );
+		await editor.clickBlockToolbarButton( 'More' );
+		await page.locator( 'button:text("Footnote")' ).click();
+
+		await page.keyboard.type( 'a' );
+
+		const id1 = await editor.canvas.evaluate( () => {
+			return document.activeElement.id;
+		} );
+
+		expect( await editor.getBlocks() ).toMatchObject( [
+			{
+				name: 'core/list',
+				innerBlocks: [
+					{
+						name: 'core/list-item',
+						attributes: {
+							content: `1<a href="#${ id1 }" id="${ id1 }-link" data-fn="${ id1 }" class="fn">*</a>`,
+						},
+					},
+				],
+			},
+			{
+				name: 'core/footnotes',
+			},
+		] );
+
+		expect( await getFootnotes( page ) ).toMatchObject( [
+			{
+				content: 'a',
+				id: id1,
+			},
+		] );
+	} );
+
+	test( 'can be inserted in a table', async ( { editor, page } ) => {
+		await editor.insertBlock( { name: 'core/table' } );
+		await editor.canvas.click( 'role=button[name="Create Table"i]' );
+		await page.keyboard.type( '1' );
+		await editor.showBlockToolbar();
+		await editor.clickBlockToolbarButton( 'More' );
+		await page.locator( 'button:text("Footnote")' ).click();
+
+		await page.keyboard.type( 'a' );
+
+		const id1 = await editor.canvas.evaluate( () => {
+			return document.activeElement.id;
+		} );
+
+		expect( await editor.getBlocks() ).toMatchObject( [
+			{
+				name: 'core/table',
+				attributes: {
+					body: [
+						{
+							cells: [
+								{
+									content: `1<a href="#${ id1 }" id="${ id1 }-link" data-fn="${ id1 }" class="fn">*</a>`,
+									tag: 'td',
+								},
+								{
+									content: '',
+									tag: 'td',
+								},
+							],
+						},
+						{
+							cells: [
+								{
+									content: '',
+									tag: 'td',
+								},
+								{
+									content: '',
+									tag: 'td',
+								},
+							],
+						},
+					],
+				},
+			},
+			{
+				name: 'core/footnotes',
+			},
+		] );
+
+		expect( await getFootnotes( page ) ).toMatchObject( [
+			{
+				content: 'a',
+				id: id1,
+			},
+		] );
+	} );
 } );