diff --git a/res/values/styles.xml b/res/values/styles.xml
index 252cae1461..ec63e35974 100644
--- a/res/values/styles.xml
+++ b/res/values/styles.xml
@@ -44,7 +44,7 @@
         <item name="widgetsTheme">@style/WidgetContainerTheme</item>
         <item name="folderDotColor">?android:attr/colorPrimary</item>
         <item name="folderIconBorderColor">?android:attr/colorPrimary</item>
-        <item name="loadingIconColor">#FFF</item>
+        <item name="loadingIconColor">#CCFFFFFF</item>
 
         <item name="android:windowTranslucentStatus">false</item>
         <item name="android:windowTranslucentNavigation">false</item>
@@ -82,7 +82,7 @@
         <item name="folderDotColor">#FF464646</item>
         <item name="folderIconBorderColor">#FF80868B</item>
         <item name="isMainColorDark">true</item>
-        <item name="loadingIconColor">#000</item>
+        <item name="loadingIconColor">#99FFFFFF</item>
     </style>
 
     <style name="LauncherTheme.Dark.DarkText" parent="@style/LauncherTheme.Dark">
diff --git a/src/com/android/launcher3/graphics/PlaceHolderIconDrawable.java b/src/com/android/launcher3/graphics/PlaceHolderIconDrawable.java
index 5f2fb596af..23745cbd96 100644
--- a/src/com/android/launcher3/graphics/PlaceHolderIconDrawable.java
+++ b/src/com/android/launcher3/graphics/PlaceHolderIconDrawable.java
@@ -15,6 +15,8 @@
  */
 package com.android.launcher3.graphics;
 
+import static androidx.core.graphics.ColorUtils.compositeColors;
+
 import android.content.Context;
 import android.graphics.Bitmap;
 import android.graphics.Canvas;
@@ -47,7 +49,8 @@ public class PlaceHolderIconDrawable extends FastBitmapDrawable {
         super(b, iconColor);
 
         mProgressPath = progressPath;
-        mPaint.setColor(Themes.getAttrColor(context, R.attr.loadingIconColor));
+        mPaint.setColor(compositeColors(
+                Themes.getAttrColor(context, R.attr.loadingIconColor), iconColor));
     }
 
     @Override