Spreadable butters have oil in them ( and a lot of water) but, just like pure butter , do need a certain amount of time outside of the fridge to be really spreadable.......Ron.
I have had the exact same experience with Anchor Spreadable - rubbish! What is the point of it being spreadable ? May as well buy the original one - tore several of my slices of bread to bits, I ended up putting the tub in the microwave for a quick blast. Annoying!