I agree with the previous comment about shredded coconut having too much fat to work for an end product that is close to bread.
I recommend that you simply order coconut flour online because coconut flour goes MUCH farther than you would think.
I guarantee that you will get much more mileage out of a $10 bag of coconut flour than a $4 bag of shredded.
I made an entire load loaf of "coconut bread" that came out amazingly close to real bread with only 3/4 of a cup of coconut flour...
And, as you can see, it works great for soaking up those glorious egg yolks!