No, coconut butter is more like coconut oil... but with WAY more coconut flavor.
***EDIT: I lied! It seems there are two kinds of creamed coconut and the one you posted is the same as coconut butter.
Coconut butter, creamed coconut, and coconut manna are all pretty much the same thing.
I was confusing the creamed coconut with another sweetened coconut milk product that comes in a can. Derp
Anyway... It's basically dried coconut meat, with no water left in it, ground into a fine paste. So just the oil is left in it.
I generally have the Coconut Manna version on hand... I think they are close to the same. Here is a little thing that explains.
Artisana Coconut Butter Vs. Nutiva Coconut Manna