I would like to burn down points throughout the sprint instead of tracking time spent.

This question is in reference to Atlassian Documentation: Configuring estimation and tracking

Is it possible to generate a burndown chart based on points being spent each day instead of tracking time in hours?

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I'm not sure what do you mean by "Points being spent each day" but there are 2 configurations for the JIRA Burndown chart for Time Tracking.

One is the by "Remaining Estimate and Time Spent" and the other one is by "Issues will burn down their Story Points value upon completion"

Configure your board then open the "Estimation" tab to see this configs.

It looks like I want to use "Remaining Estimate and Time Spent" since I want it updated daily instead of upon completion of the story. But I'd like to record the "Remaining Estimate" as story points, not hours or minutes.

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