Like all sharks, the blacktip reef shark has exceptional sensory systems. From there keen sense of smell to having the ability to see in low light condition, these adaptation have made them prestige at tracking down there prey. Sharks also have an additional sixth sense where they can sense electromagnetic fields in the water. The ampullae of Lorenzini, located in the snout region, enable a shark to detect its prey without physically seeing it.
A profitable ecotourism industry has arisen around this species involving organized "shark feeds", in which groups of reef sharks are attracted to divers using bait. Some US$6,000,000 is spent annually on shark viewing in the Bahamas, where at some sites a single living Caribbean reef shark has a value between US$13,000 and US$40,000 (compared to a one-time value of US$50–60 for a dead shark).[14] This practice has drawn controversy, as opponents argue that the sharks may learn to associate humans with food, increasing the chances of a shark attack, and that the removal of reef fishes for bait may damage the local ecosystem. Conversely, proponents maintain that shark feeds contribute to conservation by incentivizing the protection of sharks and educating people about them. Thus far, there has been little evidence that shark feeds have increased the risk of attack in the surrounding area.[8][15] Shark feeding has been outlawed off the coast of Florida, but continues at other locations in the Caribbean.[4]
Blacktip reef sharks are fast, pursuit predators that prefer reef fishes, but also feeds on stingrays, crabs, mantis shrimps and other crustaceans, cephalopods, and other mollusks. In the Maldives, this species has been documented feeding cooperatively on small schooling fishes, herding them against the shore and feeding en masse. Feeds heavily on sea snakes in northern Australia. A large individual (1.6 m) was observed attacking a green sea turtle, Chelonia mydas, in North Male’ Atoll, Maldives.
Reproduction is viviparous; once the developing embryos exhaust their supply of yolk, the yolk sac develops into a placental connection through which they receive nourishment from their mother. Mating is apparently an aggressive affair, as females are often found with biting scars and wounds on their sides.[4] At the Fernando de Noronha Archipelago and Atol das Rocas off Brazil, parturition takes place at the end of the dry season from February to April, while at other locations in the Southern Hemisphere, females give birth during the Amazon summer in November and December.[4][12] The average litter size is four to six, with a gestation period of one year. Females become pregnant every other year.[8] The newborns measure no more than 74 cm (29 in) long; males mature sexually at 1.5–1.7 m (59–67 in) long and females at 2–3 m (79–118 in).[4]
Dutch ichthyologist Pieter Bleeker first described the grey reef shark in 1856 as Carcharias (Prionodon) amblyrhynchos, in the scientific journal Natuurkundig Tijdschrift voor Nederlandsch-Indië. Later authors moved this species to the genus Carcharhinus. The type specimen was a 1.5 metres (4.9 ft)-long female from the Java Sea.[4] Other common names used for this shark around the world include black-vee whaler, bronze whaler, Fowler's whaler shark, graceful shark, graceful whaler shark, grey shark, grey whaler shark, longnose blacktail shark, school shark, and shortnose blacktail shark. Some of these names are also applied to other species.[2]

Reef sharks play a major role in shaping Caribbean reef communities.  As the top predators of the reef and indicator species for marine ecosystems, they help maintain the delicate balance of marine life in reef environments.  Reef sharks are highly valued for their meat, leather, liver oil, and fishmeal, which make them prone to overfishing and targeting. Yet, their importance for the tourism industry makes them more valuable alive than dead. In 2011, Honduras declared its waters to be a permanent sanctuary for sharks, making fishing for these species completely forbidden.
One useful definition distinguishes reefs from mounds as follows: Both are considered to be varieties of organosedimentary buildups – sedimentary features, built by the interaction of organisms and their environment, that have synoptic relief and whose biotic composition differs from that found on and beneath the surrounding sea floor. Reefs are held up by a macroscopic skeletal framework. Coral reefs are an excellent example of this kind. Corals and calcareous algae grow on top of one another and form a three-dimensional framework that is modified in various ways by other organisms and inorganic processes. By contrast, mounds lack a macroscopic skeletal framework (see stromatolite). Mounds are built by microorganisms or by organisms that don't grow a skeletal framework. A microbial mound might be built exclusively or primarily by cyanobacteria. Excellent examples of biostromes formed by cyanobacteria occur in the Great Salt Lake in Utah, and in Shark Bay on the coast of Western Australia.