Shred the beets in a food processor with the shredding blade.
Melt the butter in a skillet over medium heat. Add the shredded beets; cook and stir until slightly softened, about 5 minutes.
Pour in the water to the skillet, then cover it. Simmer until the beets fully soften, approximately 10 minutes. Stir in the balsamic vinegar followed by seasonings.
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