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). 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. Shark feeding has been outlawed off the coast of Florida, but continues at other locations in the Caribbean.
The Caribbean reef shark occurs throughout the tropical western Atlantic Ocean, from North Carolina in the north to Brazil in the south, including Bermuda, the northern Gulf of Mexico, and the Caribbean Sea. However, it is extremely rare north of the Florida Keys. It prefers shallow waters on or around coral reefs, and is commonly found near the drop-offs at the reefs' outer edges. This shark is most common in water shallower than 30 m (98 ft), but has been known to dive to 378 m (1,240 ft).
Blacktip reef sharks, Carcharhinus melanopterus (Quoy and Gaimard, 1824), are small sharks measuring up to 1.8 m with short, bluntly-rounded snouts, oval eyes, and narrow-cusped teeth. They have 2 dorsal fins and no interdorsal ridges. Juveniles (< 70 cm) are yellow-brown on their dorsal (upper) sides, white on their ventral (under) sides; adults are brownish-gray and white, respectively. All their fins have conspicuous black or dark brown tips, and posterior (rear) dark edges on their pectoral fins and their upper lobe of their caudal (tail) fins. The prominent black tips of their first dorsal fin contrasts with a light band below it; a conspicuous dark band on their flanks which extends to their pelvic fins. Maximum weight: 24 kg; frequents depth ranges from the surface to 75 m.
These biotic reef types take on additional names depending upon how the reef lies in relation to the land, if any. Reef types include fringing reef, barrier reefs, as well as atolls. A fringing reef is a reef that is attached to an island. A barrier reef forms a calcareous barrier around an island resulting in a lagoon between the shore and the reef. An atoll is a ring reef with no land present. The reef front (ocean side) is a high energy locale whereas the internal lagoon will be at a lower energy with fine grained sediments.