Place coconut shreds or flakes in a food processor or high powdered blender and process until a smooth, runny butter forms. It will take about 15 minutes in a food processor and about 2 minutes in high powered blender. (I've found that my Vitamix works best for this.) You may need to scrape the sides of your food processor or blender mid-way through the processing.
Notes
Store coconut butter in an airtight jar at room temperature. It’s shelf-stable and doesn’t need to be stored in the fridge. Depending on the temperature of your house the coconut butter will likely harden up so you’ll need to warm it up before using. The water bath method works great or you can scrape a chunk off the top and place it on something warm to melt (like pancakes, waffles or toasted bread) or simply pop it in the microwave for a few seconds.