Sure you can. It's done all the time in indoor raceways. RAS (Recirculating Aquaculture Systems) are a little more difficult as the cooler temps require more biofilter material, but it can be done and is being done. Do a search on the net and I'll be you'll find something. I found this one right off the bat.

http://www.uwsp.edu/cls/aquaCulture/6047A05.pdf

One of my state trout and salmon hatcheries recirculates water to conserve on well water. The fish are mostly inside


If pigs could fly bacon would be harder to come by and there would be a lot of damaged trees.