While - gallonage isn't as important - as actual surface area - especially with active swimming sharks - like the Blacktip Reef. Still from what I've found out in talking to shark keepers, only those private aquarists who have large Swimming pools (at least 20,000 gallons) converted to Shark lagoons are capable of keeping a Blacktip reef for it's natural life time. Basically these require a lagoon/pool that's got a width that's at least 3x the shark's max. adult length, and a length at least 6-7x times the shark's max. adult.
This is to allow the shark to swim naturally even when it's full grown. So people say that they only require 1,000, or even 5-6,000 gallons are completely wrong. Unfortunately lots of people get the wrong info- because they may see their LFS keeping these sharks in tanks way to small for even pups. And people have a very bad habit of believeing the employees of LFS are knowledge professionals - when often times they are little more than hired help that is paid only 2-3 bucks more than minimum wage.