Hi yes this bleeding is normal it may well settle down and would not be investigated unless it continued past six months. This particular HRT can be unpleasant due to the progesterone. It is the least friendly type. It's pretty cheap and appears as first choice when GP's look at their prescribing list. Don't hesitate to get it changed if you find the bleeding does not stop. Go armed with info from the green menu on types of HRT. Hope this helps.