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It's a fetish, simple as. They want to be the cute girl they want to fuck. Same reason why guys play female characters in video games, they want to fuck them and feel horny when looking at them. It's a form of twisted narcicissim. All MtF trannies are part of the dark triad.
A funny thing is though, most men have it in them to transition. It's natural to want to fuck a hot woman, all it takes is a little tiny psychological trigger to happen and you want to become the woman.
MtF trannies have insale sexual drive, too much of it sadly and it costs them their manlyhood.